What Advantage(s) Does the S-Corporation Give to the Small Business

question 5

Multiple Choice

What advantage(s) does the S-corporation give to the small business owner that the regular corporation does not give to the small business owner?

• A)limited liability protection
• B)more favorable tax treatment
• C)complete control over the business
• D)the small business owner can keep all of the profits

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Definitions:

Lemonade

A sweetened beverage made from lemon juice, water, and sugar, often consumed as a refreshment.

Taste

One of the five traditional senses, it refers to the ability to detect flavors in substances, particularly through taste buds on the tongue.

Conventional Moral Reasoning

A stage in moral development characterized by the adherence to societal rules and laws.

Society's Laws

Formal rules and regulations developed and enforced by a society or governing body to regulate behavior and maintain order.