Both Tax and Nontax Objectives Should Be Considered When Choosing

question 62

True/False

Both tax and nontax objectives should be considered when choosing the entity type for a new business.

---

Definitions:

Los Angeles Riots

A series of violent disturbances in Los Angeles, California, in 1992, triggered by the acquittal of police officers caught on video beating Rodney King.

Acquittal

A legal judgment that formally declares the defendant not guilty of the criminal charges against them.

Physical Environment

The natural or man-made surroundings in which an organism lives, including all living and non-living factors.

Level of Aggression

Describes the intensity or degree of aggressive behavior or attitudes displayed by an individual or group.