What are the three types of business organizations?Please li

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What are the three types of business organizations?Please list the main features for each type.
请用英语回答,

1.partnership is an orgnization which is formed by at least 2 persons and does not need to coporate in the registration centre.The legal procedure is simple but the liability of the owners is unlimited.
If the firm is going to be bankrupt ,the whole of the assets of the firm and owners should be paid to the debts.
2.LLP ie limited liability partnership .The feature is the liability of the owners is limited .And the liability is limited by the registered capital.
3.LTD ie limited coporation.The procedure of the registration is most complex and the requirements are most strict.It should be registered in the registration centre and opened after obtaining the certification.A LTD must have at least 2 executive directors .The liability is limited by the registered capital.

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