Q/3

Kye is looking to start a new company. He has been told that the form of organization he chooses will impact how his business operates and his personal risk. Which of the following accurately describes an advantage he should consider for one of the ways he could choose to organize?

a. Corporation, for limited liability

b. Corporation, for income to only be taxed once

c. Partnership, for unlimited life

d. Sole proprietorship, for limited liability