Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 16, 2024

Even though you won the lawsuit filed by your former customer and did not lose your life saving and your house, you are concerned about

Even though you won the lawsuit filed by your former customer and did not lose your life saving and your house, you are concerned about the future liabilities. What is the two best forms of business you should consider from the choices listed below?

Group of answer choices

Operate as a sole proprietorship

Form a LLC

Form an S corp

Form a C corp

Form a partnership

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Audit Criteria For Electronic Document Management Processes And Associated IT Solutions

Authors: Alexander D Balzer, Dr Klaus-Peter Elpel, Volker Feist

5th Edition

3932898281, 978-3932898280

More Books

Students also viewed these Accounting questions

Question

★★★★★

Priest Oil Change operates two divisions. The following pertains to each division for 2014: Required a. Compute each divisions residual income. b. Which division increased the companys...

Answered: 1 week ago

Question

★★★★★

Let X, the number of flaws on the surface of a randomly selected boiler of a certain type, have a Poisson distribution with parameter =

Answered: 1 week ago

Question

★★★★★

Following are a series of cost behavior graphs. The total cost is shown on the vertical (y) axis and the volume (activity) is shown on the horizontal (x) axis. For each of the following situations,...

Answered: 1 week ago

Question

★★★★★

Answered: 1 week ago

Question

★★★★★

12 Required information Convers Corporation calendar year-end) acquired the following assets curing the current tax year ignore $179 expense and bonus depreciation for this problem (Use MACRS Table...

Answered: 1 week ago

Question

★★★★★

Let's say you are working at a big public relations agency, and you've been looking for new ways to contribute to your company. On your way into work, you find yourself sharing an elevator with the...

Answered: 1 week ago

Question

★★★★★

Describe the Catholic sacraments, and state for each sacrament the visible sign and the \"invisible reality\" of each sacrament.

Answered: 1 week ago

Question

★★★★★

Income Statement, Cost of Services Provided, Service Attributes Mason, Durant, and Santos (MDS) is a tax services firm. The firm is located in Oklahoma City and employs 15 professionals and eight...

Answered: 1 week ago

Question

★★★★★

Find the Value of Z , Standard deviation of sample is 0.202 , mean is 0.01 , sample size is 230

Answered: 1 week ago

Question

★★★★★

Should the local, state, or federal government raise the minimum wage? Discuss the overall impact to employees, employers, society, and the ripple effect caused by this action. Support your argument...

Answered: 1 week ago

Question

★★★★★

Name and explain the four sections of the direct plan. (Objective 2)

Answered: 1 week ago

Question

★★★★★

Prepare a memo to your instructor describing the advantages and features of the simplified letter format.

Answered: 1 week ago

Question

★★★★★

Display the following date, inside address, salutation, and text as (a) a letter using full block format and open punctuation, (b) a letter using modified block format with indented paragraphs and...

Answered: 1 week ago

Previous Question Next Question