Judy Barnes, Betty Turley, and Bob Turner want to obtain limited liability for their business, but they want to avoid double taxation.Which type of business ownership would you recommend?

Question

Quizplus · Accepted Answer

An S-corporation provides limited liability for its owners while avoiding double taxation. It allows for profits and losses to pass through to the individual tax returns of the owners, avoiding corporate tax at the entity level.

Judy Barnes, Betty Turley, and Bob Turner Want to Obtain