Which of the following entity characteristics are generally key drivers for small business owners in deciding which entity to choose?
A) Double taxation.
B) Required accounting period.
C) Liability protection.
D) Double taxation and required accounting period.
E) Double taxation and liability protection.

Question

Quizplus · Accepted Answer

Small business owners are generally concerned about both liability protection and double taxation. Therefore, the best choice among the given options is E, which includes both liability protection and double taxation as key drivers for choosing an entity.

Which of the Following Entity Characteristics Are Generally Key Drivers