Multiple Choice
Assume you plan to start a new enterprise; you know the probability of having losses for the first three years of operations is almost 90 percent,and you know you will report a substantial amount of income from other sources during those same three years.From a tax perspective,which of the following entity choices would be least favorable?
A) C corporation.
B) LLC.
C) General partnership.
D) S corporation.
Correct Answer:
Verified
Correct Answer:
Verified
Q3: On which tax form do LLCs with
Q4: From a tax perspective, which entity choice
Q19: In certain circumstances,C corporations can elect to
Q20: Sole proprietors are subject to self-employment taxes
Q22: In the current year,DNS (a C corporation)had
Q39: C corporations and S corporations are separate
Q66: What is the maximum number of unrelated
Q81: If you were seeking an entity with
Q84: An unincorporated entity with more than one
Q86: S corporations have more restrictive ownership requirements