An important fact to consider when determining how to organize a business is that:
A) members of an LLC have unlimited liability and are taxed like members of a partnership.
B) for accounting purposes, a proprietorship is a distinct entity.
C) the records of a partnership can include the partner's personal finances.
D) the proprietor and the proprietorship are separate legal entities.

Question

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The Answer of An important fact to consider when determining how to organize a business is that:
A) members of an LLC have unlimited liability and are taxed like members of a partnership.
B) for accounting purposes, a proprietorship is a distinct entity.
C) the records of a partnership can include the partner's personal finances.
D) the proprietor and the proprietorship are separate legal entities.

An Important Fact to Consider When Determining How to Organize