Hortense and a few of her family members want to launch a new venture but don't want to place their personal assets at risk. For this privilege they are willing to incur the higher taxes associated with the ________ form of organization.

Question

Quizplus · Accepted Answer

A C corporation provides limited liability protection to its owners, meaning their personal assets are not at risk. However, it is subject to double taxation, which is a higher tax burden compared to other forms.

Hortense and a Few of Her Family Members Want to Launch