07 Jan 1. What are the three major forms of business orga
1. What are the three major forms of business organizations? Describe each.2. How are sole proprietorships formed?3. Discuss the purpose of a partnership agreement. Is such an agreement necessary for partnership formation?4. What is meant by the phrase separate legal entity? To which type of business organization does it apply?5. What is the purpose of the articles of incorporation? What information do they provide?6. What is the function of the stock certificate?