Multiple Choice
If an individual forms a sole proprietorship, which nontax factor will be of greatest benefit to the sole proprietor?
A) Liability protection.
B) Legal flexibility in defining rights and responsibilities of owners.
C) Facilitates initial public offerings.
D) Minimal time and cost to organize.
Correct Answer:
Verified
Correct Answer:
Verified
Q1: Explanation: Owners of unincorporated entities can be
Q3: On which tax form do LLCs with
Q22: Unincorporated entities with only one individual owner
Q23: From a tax perspective, which entity choice
Q45: Which tax classifications can potentially apply to
Q46: Rodger owns 100% of the shares in
Q48: Beginning in 2018, C corporations are no
Q52: If individual taxpayers are the shareholders of
Q57: What kind of deduction is the deduction
Q73: On which tax form does a single-member