Denzel is checking his state’s government website regarding applying for a tax ID number for his business. What would be the determining factor for obtaining a tax ID number or employer identification number (EIN)?
(1 point)
Responses
Professional representation
Professional representation
Legal capacity
Legal capacity
Structure of business ownership
Structure of business ownership
Contractual obligation
3 answers
Structure of business ownership
Angelica has been studying various forms of business ownership for her art gallery. She thinks she will select this type of legal structure because it is the easiest and most common form of business ownership for small business owners.
(1 point)
(1 point)
Responses
Sole proprietorship
Sole proprietorship
1 answer