Suppose that a friend approached you for advice on what form of business to start, and she
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Suppose that a friend approached you for advice on what form of business to start, and she indicated that she was more concerned about personal liability than double taxation. Which form of business organization would you recommend to her, and why?
a. A corporation, because it would have double taxation and unlimited personal liability.
b. A sole proprietorship, because it would have double taxation and unlimited personal liability.
c. A corporation, because it would have double taxation but no personal liability.
d. A sole proprietorship, because it would have double taxation but no personal liability.
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