Characteristics of Enterprise Characteristics Proprietorship partnership Corporation Business entity yes yes Legal entity ves Limited liability no no no no yes Business taxed no One owner allowed yes Task Team of FUndaMientalactoUntING Business Sehool. Sun Yatsen niversity 1010 Characteristics of Enterprise Characteristics Proprietorship Partnership Corporation Business entity yes yes yes Legal entity no no yes Limited liability no no yes Unlimited life no no yes Business taxed no no yes One owner allowed yes no yes