Which of the following is the least likely form of business structure for a CPA firm?
A) General corporation.
B) Proprietorship.
C) General partnership.
D) Limited liability partnership.

Question

Quizplus · Accepted Answer

General corporations are the least likely form of business structure for a CPA firm because they do not provide the same level of personal liability protection for professional actions as other structures like limited liability partnerships (LLPs) do. Additionally, the corporate structure may not be as conducive to the professional and regulatory requirements specific to CPA firms.

Which of the Following Is the Least Likely Form of Business