Of approximately 20 million businesses in existence in 1997, more than 70% were
A) limited liability companies.
B) C corporations.
C) proprietorships.
D) partnerships.
Correct Answer:
Verified
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
Q18: The most common form of organization for
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)
Q24: General partners
A) have unlimited liability.
B) are liable
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