Emily Wants to Open a Chain of Hair Styling Salons

Multiple Choice

Emily wants to open a chain of hair styling salons and hopes to attract investors to help finance growth. She considered forming a C corporation, but wants to have more flexibility about how the new business will be taxed. She also wants to offer investors/owners limited liability. Emily can satisfy her objectives by setting up a(n) :

A) limited liability company.
B) S corporation.
C) alien corporation.
D) general partnership.