Economic Environment Business Ov X Global Environment (1) Y yahoo mail -Yahoo Se: 49 unread)-cristin structure.com/courses/33301/assignments/2760027module item id419413 Options No results Gloria is startinga business. She must consider the tax implications when choosing a form of ownership because The form of business affects how many taxes are imposed on the products and services the business sells. Once Gloria chooses a form of ownership, she must stay with that form (and corresponding tax situation) for the life of the company. So, it is important for her to consider the potential growth of the company for tax purposes. O Different forms of business ownership result in businesses and owners being taxed differently. It is important to understand these differences so that she can choose the scenario that best fits her needs. O No one likes to pay high taxes. Understanding how to complete her taxes properly can result in more or less tax liability for Gloria. Previous Next