Multiple Choice
Twenty-five young investors decided that 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 organisation would best fit the needs of these individuals?
A) Corporation
B) Closed corporation
C) Partnership
D) S-corporation
E) Limited cooperative
Correct Answer:
Verified
Correct Answer:
Verified
Q3: A distribution of earnings to the stockholders
Q59: Units of ownership in a master limited
Q63: Glenn owns and operates a large hardware
Q65: Not-for-profit organisations must meet specific guidelines in
Q66: What is the significance of the name
Q67: The order of difficulty and expense, from
Q68: Unless specified in the charter, a corporation
Q69: Quarrels among business associates have become common.The
Q161: When starting a corporation, people submit articles
Q212: A cooperative provides a service more effectively