Multiple Choice
Which one of the following statements is correct?
A) All types of business formations have limited lives.
B) Partnerships are the most complicated type of business to form.
C) Sole proprietorships and partnerships are taxed in a similar fashion.
D) General partnerships and corporations provide limited liability for all owners.
E) Both partnerships and corporations incur double taxation.
Correct Answer:
Verified
Correct Answer:
Verified
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