Multiple Choice
Twenty young entrepreneurs decide they want to start a dating service; however, they do not want to be held personally liable for losses of the company. They want to avoid double taxation. Which type of business organization would best fit their needs?
A) corporation
B) LLP
C) partnership
D) closed corporation
Correct Answer:

Verified
Correct Answer:
Verified
Q61: Three college graduates want to start an
Q62: Ramin is interested in starting his own
Q63: Brothers Marko and Ivan would like to
Q64: Which of the following is one of
Q65: Big Box Corporation has two owners who
Q67: Anja wants to start a business, but
Q68: If Cara, Aubrey, and Liam want to
Q69: You and four friends are opening a
Q70: Which of the following is a voluntary
Q71: Karen loves to cook and receives unqualified