An important factor to consider when determining how to organize a business is that: OA. members of an LLC have unlimited liability and are taxed like members of a partnership. OB. for accounting purposes, a proprietorship is a distinct entity, separate from the proprietor. OC. a corporation is not legally distinct from its owners. OD. partnerships are subject to double taxation.

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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An important factor to consider when determining how to organize a business is that:
O A. members of an LLC have unlimited liability and are taxed like members of a partnership.
B. for accounting purposes, a proprietorship is a distinct entity, separate from the proprietor.
O C. a corporation is not legally distinct from its owners.
D. partnerships are subject to double taxation.
Transcribed Image Text:An important factor to consider when determining how to organize a business is that: O A. members of an LLC have unlimited liability and are taxed like members of a partnership. B. for accounting purposes, a proprietorship is a distinct entity, separate from the proprietor. O C. a corporation is not legally distinct from its owners. D. partnerships are subject to double taxation.
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