From the 2017 Tax Cuts and Job Act, a reason to choose sole proprietorship, partnership or corporation as a form of organization is:
A) the number of people in the organization.
B) the liability of the owner.
C) the complexity involved with state and federal regulations and taxation.
D) all of the above.

Question

Quizplus · Accepted Answer

The 2017 Tax Cuts and Jobs Act offers benefits to all forms of business organizations in terms of taxation. However, the choice between sole proprietorship, partnership or corporation will ultimately boil down to the number of people in the organization, the liability of the owner, and the complexity involved with state and federal regulations and taxation. Therefore, option D, i.e., all of the above, is the best choice.

From the 2017 Tax Cuts and Job Act, a Reason