Olivia and Liam have heard complaints from fellow business owners about the tax burden they

Question

face due to their company's business structure. What form of business ownership may involve
double taxation?

(1 point)

○ Sole proprietorship

Partnership

○ Corporation
○
G corporation

Answer 1

The form of business ownership that may involve double taxation is a Corporation. In this structure, the corporation pays taxes on its income, and then shareholders pay taxes again on dividends received from the corporation.

So, the correct answer is:

○ Corporation