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In your advice to Jimmy, you want to advise him he should try to accomplish two goals: avoid double taxation and have limited personal liability
In your advice to Jimmy, you want to advise him he should try to accomplish two goals: avoid double taxation and have limited personal liability protection as an owner of the business. Therefore to accomplish both goals, what are his options? O A general partnership. O A "sub-chapter S" corporation. O A limited liability company. OTwo of the above. O All of the above. Question 35 2.5 pts With regard to a corporation, which is NOT correct: O Its day-to-day managers are the Board of Directors. O The primary organizational document is its By-laws. O Its equity owners are its stockholders. O Its stockholders are protected from personal liability
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