Choose all of the primary factors you should consider when choosing the legal structure of your business.

Fantastic news! We've Found the answer you've been seeking!

Question:

Choose all of the primary factors you should consider when choosing the legal structure of your business. (Choose all that apply) Group of answer choices

How earnings are taxed.

Ease of set up

Personal Liability

Partnership issues

You have personal liability in a sole proprietorship and a general partnership.

True

False

LLC separates the liability of the business from the person.

True

False

C-Corps and S Corps are treated the same as an LLC for purposes of liability.

True

False

An LLC and Corporations require you file papers with the state.

True

False

Posted Date: Jun 21, 2024 08:05 AM

See More Questions

2. Bond Yields (LO1, CFA5) In which one of the following cases is the bond selling at a discount? a. Coupon rate is greater than current yield, which is greater than yield to maturity. b. Coupon...
Chris Vining organized The Herbal Shoppe at the beginning of February 20Y4. During February, The Herbal Shoppe entered into the following transactions: a. Chris Vining invested $25,000 in The Herbal...
Measures of liquidity, Solvency, and Profitability The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $67 on December 31,20 Y2....
A & Co. Purchased Machinery for Rs. 50,000 on 1st Jan 2010. They spent Rs. 10,000 on its installation. Prepare machinery account for the first 5 years if the depreciation is charged @10% on:...
Montour Company has determined a standard variable overhead rate of $$1.10$ per direct labor hour and expects 1 labor hour per unit produced. Last month, Montour incurred 1,900 actual direct labor...
Clayton Corp. has determined a standard labor cost per unit of $$12$ (1 hour $$12$ per hour). Last month, Clayton incurred 1,900 direct labor hours for which it paid $$23,940$. The company...
Randolph, Inc., has determined a standard direct materials cost per unit of $$6$ (2 feet $$3$ per foot). Last month, Randolph purchased and used 4,200 feet of direct materials for which it paid...
Rub-a-Dub Dogs is a local pet grooming shop owned by Max Aslett. Max has prepared the following standard cost card for each dog bath given: During the month of July, Maxs employees gave 345 baths....
Lucky Charm Company makes handcrafted silver charms that attach to jewelry such as a necklace or bracelet. Each charm is adorned with two crystals of various colors. Standard costs follow: During the...
If a workplace has conditions that contribute to injuries and occupational illnesses, there will likely be increased rates of ______ within the firm. Group of answer choices employee conflict...

Choose all of the primary factors you should consider when choosing the legal structure of your business.

Question:

Expert Answer:

Students also viewed these economics questions