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Ethan is starting a new business with his best friend, Max. They would like to have limited liability, but they would prefer flow-through taxation
Ethan is starting a new business with his best friend, Max. They would like to have limited liability, but they would prefer flow-through taxation because they expect to have losses in the first few years. They are not concerned about incurring self-employment taxes. Which of the following entities would best suit Ethan and Max's needs? Proprietorship. OC corporation. LLC. Partnership.
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Managerial Accounting
Authors: Stacey Whitecotton, Robert Libby, Fred Phillips
3rd edition
77826485, 978-0077722074, 77722078, 978-0077826482
