Jeremy is thinking of starting up a small business selling NASCAR memorabilia. He is considering setting up his business as a corporation. What is one advantage to Jeremy of setting up his business as a corporation?
A) By setting up the business as a corporation, Jeremy would have both ownership and control over the business.
B) By setting up the business as a corporation, Jeremy would not face double taxation.
C) By setting up the business as a corporation, Jeremy would have the ability to share risk with shareholders.
D) All of the above would be advantages of setting up his business as a corporation.
C
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Despite the large federal deficits during the last few decades, public capital in the U.S. declined because: a. a growing share of the federal budget goes toward income redistribution, especially for the elderly. b. of less labor productivity
c. of increasing farm subsidies. d. of the growing portion of the national debt owed to foreigners. e. a growing share of the federal budget goes toward income redistribution, especially for national defense
When the U. S. federal government runs a budget deficit, it borrows money by selling:
a. Treasury bills, notes, and bonds. b. publicly owned land. c. its gold reserves. d. financial assets located in foreign banks.