Please help me....
Match the example in Column A to the business structure in Column B.
1.) Doug and Vanessa are friends who want to start a carpet cleaning business together and share the ownership and profits. They are not concerned about personal liability. They want the business to be fairly simple to set up.
2.) Esperanza is starting a business by herself as an illustrator for magazines and children's books. She isn't concerned with personal liability, but she wants the business to be easy to set up.
3.) Robyn wants to turn her sole proprietorship as a tutor into a larger company with many owners and liability protection. She is willing to deal with double taxation and a complicated setup process.
4.) Cuba is starting an event planning company. He wants to protect his liability, and he would prefer pass-through taxation.
5.) Ming is starting a business with the purpose of fighting hunger in her community. She doesn't care about making a profit and is willing to reinvest any income back into the corporation.
A.
C corporation
B.
Nonprofit corporation
C.
Partnership
D.
Sole proprietorship
E.
S corporation or LLC
2 answers