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In Chapter 12, you learn about various business entities. Each one has its own advantages and disadvantages - see chart 12.2. Type in the name(s)
In Chapter 12, you learn about various business entities. Each one has its own advantages and disadvantages - see chart 12.2. Type in the name(s) of the business type(s) that answers the concerns for each of the following questions (a through f). 1) When creating or investing in a new business, which business entity or entities are: Preferable, if your main concern is: a) Avoiding liability for debts of the business: b) Acquiring investment capital: c) Having control over the business decisions: d) Lack of paper work and formality in creating the business: And what are least favorable, if your main concern is: e) Avoiding double taxation: f) Acquiring investment capital: g) Incurring personal liability for the debts of the entity: h) Transferring your investment in the entity
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