Some Business Owners Prefer to Operate as a Limited Liability

question 80

Multiple Choice

Some business owners prefer to operate as a limited liability company (LLC) rather than an S-corporation for the following reason:

• A)unlike an S-corporations, a LLC's earnings are taxed at the personal level when
• B)unlike an S-corporation, stockholders in a LLC are not personally liable for
• C)the LLC form of organization does not have as many rules and regulations as
• D)unlike an S-corporation, the LLC pays corporate taxes on its earnings

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Definitions:

Welfare System

A governmental system that provides financial aid and services to individuals and families in need.

Dependency

A relationship in which one entity relies on another for support or sustenance.

Taste-For-Discrimination Model

An economic theory that explains how personal bias and preferences can lead to differences in wages and employment opportunities for various groups.

Prejudice

Preconceived opinions or judgments towards people or groups without sufficient knowledge, reason, or direct experience, often leading to discrimination.