The most common form of organization for a small business is the
A) limited liability company.
B) C corporation.
C) proprietorship.
D) partnership.
Correct Answer:
Verified
Q13: Laws concerning limited liability companies vary from
Q14: A limited liability company provides limited liability
Q15: Federal taxes paid by a company might
Q16: A proprietor pays self-employment tax instead of
Q17: Double taxation is one of the disadvantages
Q19: Of approximately 20 million businesses in existence
Q20: Proprietorships are the most common form of
Q21: Disadvantages of proprietorships include
A) unlimited liability.
B) the
Q22: The biggest disadvantage of a sole proprietorship
Q23: There are two common forms of partnerships-
A)
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