Three Significant Differences Between Corporations Versus Sole Proprietorships and Partnerships

question 30

Multiple Choice

Three significant differences between corporations versus sole proprietorships and partnerships include all of the following, except for:

• A)double taxation
• B)unlimited liability
• C)ease of start up
• D)it is a separate entity

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Definitions:

LiI

Lithium iodide, a chemical compound made of lithium and iodine, used notably in batteries and pharmaceuticals.

Electrolyte

A substance that produces an electrically conducting solution when dissolved in water, important in many biological processes.

Electrolyte

A compound that forms an electrically conductive solution upon being dissolved in a polar solvent, like water.

NaI

Sodium iodide, an ionic compound often used in organic synthesis and as a supplement.