Emily Wants to Open a Chain of Hair Styling Salons

question 16

Multiple Choice

Emily wants to open a chain of hair styling salons and hopes to attract investors to help finance growth.She considered forming a C corporation,but wants to have more flexibility about how the new business will be taxed.She also wants to offer investors/owners limited liability.Emily can satisfy her objectives by setting up an) :

• A)Limited liability company.
• B)S corporation.
• C)Alien corporation.
• D)General partnership.

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Definitions:

Therapeutic

Relating to the healing of disease, often involving the use of drugs or other forms of treatment.

Incompatible Medication

Drugs that should not be taken together because their interaction can lead to diminished effectiveness or increased risk of adverse effects.

FDA

The Food and Drug Administration, a federal agency of the United States responsible for protecting and promoting public health through the control and supervision of food safety, tobacco products, dietary supplements, prescription and over-the-counter medications, vaccines, biopharmaceuticals, medical devices, and blood transfusions.

Allergic

Being allergic refers to having an immune system reaction to something that is harmless to most people. This reaction can cause symptoms like sneezing, itching, rash, or more severe effects.