Which of the following is a characteristic of a professional corporation?
A) It is organized as a public corporation but taxed as a partnership.
B) Its owners cannot take the tax advantages of deductions for health.
C) Its owners are considered limited partners rather than general partners.
D) Its owners do not enjoy limited liability for their negligence.
Correct Answer:
Verified
Q1: Wheels Enterprises, a car manufacturer, is a
Q2: The partnership is the most common form
Q3: Which of the following statements is true
Q5: A corporation raises capital by issuing stock
Q6: A corporation formed in one country but
Q7: Which of the following is an incorrect
Q8: The capital that a corporation raises through
Q9: A corporation whose stock is not traded
Q10: Which of the following is true of
Q11: A corporation is a legal entity created
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