Comparison of three essential types of businesses in Australia: use the following criteria and organize your comparison in a relevant table: 1) Owner/s of businesses 2) Level of difficulty in setting up the business 3) Life of the business (limited or unlimited) 4) Liabilities of owners over the business’s debts 5) The legal status of the business 6) Level of difficulty in mobilizing funds 7) Level of difficulty in a business transfer.

Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter1: Accounting And The Financial Statements
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Comparison of three essential types of businesses in Australia: use the following criteria and organize your comparison in a relevant table:


1) Owner/s of businesses
2) Level of difficulty in setting up the business
3) Life of the business (limited or unlimited)
4) Liabilities of owners over the business’s debts
5) The legal status of the business
6) Level of difficulty in mobilizing funds
7) Level of difficulty in a business transfer.

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