Question
Jovan has just graduated from college and is selling t-shirts that he designs and manufactures. He has filed no paperwork with the state. Which of
Jovan has just graduated from college and is selling t-shirts that he designs and manufactures. He has filed no paperwork with the state. Which of the following statements is true?
| a. | Jovan is operating as a partnership, and all income from the business passes through to his personal income taxes. | |
| b. | Jovan is operating as a sole proprietorship, and all income from the business passes through to his personal income taxes. | |
| c. | Jovan is operating as a limited liability company, and the company must file a tax return and pay taxes. | |
| d. | Jovan is operating as a sole proprietorship, and his company must file a tax return separate from his personal tax return. |
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Criminal Law Directions
Authors: Nicola Monaghan
7th Edition
0192855379, 978-0192855374
