MANAGEMENT

Detailed explanation-1: -An overview of the four basic legal forms of organization: Sole Proprietorship; Partnerships; Corporations and Limited Liability Company follows.

Detailed explanation-2: -There are three common types of businesses-sole proprietorship, partnership, and corporation-and each comes with its own set of advantages and disadvantages.

Detailed explanation-3: -Limited unregistered business is not a principal form of business organization. This type of business formation does not exist. Partnerships, sole proprietorship and corporations are all valid forms of business organizations.

Detailed explanation-4: -(b)Creditorship is not a form of business organization. The other choices are incorrect because(a)soleproprietorship, (c) partnership, and (d) corporation are all forms of business organization.