15. A budding entrepreneur wants to start a business but is unsure of the legal form suited for her. Short of cash, she has to take the form that is least expensive and most flexible in terms of decision making and implementation. Which would you recommend? (1 Point) Sole proprietorship Joint venture Partnership Corporation

15. A budding entrepreneur wants to start a business but is unsure of the legal form suited for her. Short of cash, she has to take the form that is least expensive and most flexible in terms of decision making and implementation. Which would you recommend? (1 Point) Sole proprietorship Joint venture Partnership Corporation

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Similar questions

What options does a group of people have when forming a business? Why might a partnership not be the best form of business organization? What other options might they have?
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A way of spreading out the risk associated with expensive and/or dangerous business ventures among several partners?
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Select the best answer. Which of the following statements regarding various entities is true? O O O A. A business entity with only one owner is classified as a corporation or is disregarded. ion Q 10 B. A disadvantage of a pass-through entity is double taxation. C. By default, an eligible entity that has a single member will be treated as a limited partnership. Partnerships are taxpaying entities, because tax attributes pass through to the individual partners. O D. Submit Answers 100% Complete Exit
What is the primary difference between forming a real estate endeavor as a company and forming a general partnership in real estate? In what ways does a limited partnership have some of the features of both types of organizations?