Match each business structure with its description. tiles sole proprietorship partnership corporation limited liability corporation pairs the business owners’ personal assets are protected from liabilities, but the business is not a separate tax entity. arrowboth a single individual is personally responsible for all liabilities incurred by the business. arrowboth one business owner may contribute less time and effort than the other, leading to disputes and bitterness. arrowboth the business structure is strictly regulated by the government, requires an overwhelming amount of paperwork, and involves high start-up costs. arrowboth