Identify the basic pattern of business owner being described.

SP- sole proprietorship
P- partnership
C- corporation

_1. The simplest form of business ownership
_2. Shared ownership and responsibility on operating the business
_3. Ownership is transferable
_4. Requires only a small capital _5. Capital, property, or service are contributed
_6. Legally treated as if it were an individual even though it may be owned by many people
_7. Does not require or need any legal paper
_8. Low start up costs in capital _9. Can sell shares of stocks to the public for additional funds
_10. More expensive and difficult to organize​