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In each case below, I have given a goal that a business might have.  What you need to do is to indicate for each whether the goal can better be achieved if the business is organized as a sole proprietorship or as a corporation.  goal:  to minimize taxes on profits of the business goal:  the ability to freely transfer ownership interests in the business

In each case below, I have given a goal that a business might have.  What you need to do is to indicate for each whether the goal can better be achieved if the business is organized as a sole proprietorship or as a corporation.  goal:  to minimize taxes on profits of the business goal:  the ability to freely transfer ownership interests in the business

FINANCIAL ACCOUNTING
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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In each case below, I have given a goal that a business might have.  What you need to do is to indicate for each whether the goal can better be achieved if the business is organized as a sole proprietorship or as a corporation. 

  1. goal:  to minimize taxes on profits of the business
  2. goal:  the ability to freely transfer ownership interests in the business
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