For What Reason Might a Group of People Establishing a Business

question 71

Multiple Choice

For what reason might a group of people establishing a business prefer to set it up as a corporation rather than a partnership?

• A) To avoid complex reporting procedure for government agencies
• B) To have limited liability.
• C) To avoid double taxation.
• D) Because of ease of formation.

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Definitions:

Space-Based Media

Media content and services delivered via satellite or other space-based technologies, offering communication and entertainment on a global scale.

Time-Based Media

Art forms that are experienced over time, such as video, film, audio, and digital media, which require the element of time for their full appreciation and understanding.

Marshall McLuhan

A Canadian philosopher and communication theorist best known for coining the expression "the medium is the message" and for his studies on media theory.

Media Endorsement

The support or approval of a product, service, or idea by a recognized media outlet, often influencing public opinion and behavior.