Mackenzie's Dream Is to Open a Chain of Salons

question 79

Multiple Choice

Mackenzie's dream is to open a chain of salons. She hopes to attract investors to help finance growth. Having once considered forming a C corporation, Mackenzie wants to have more flexibility about how the new business will be taxed. She also wants to offer investors/owners limited liability. Mackenzie can satisfy her objectives by setting up a(n)

• A) limited liability company.
• B) S corporation.
• C) alien corporation.
• D) general partnership.

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Definitions:

Private Health Insurance

Health insurance coverage provided by non-governmental entities, offering various health care benefits based on the plan.

Wage And Price Controls

Government-imposed restrictions on the levels at which wages and prices can be set, usually to curb inflation.

Private And Public Insurance

Systems of insurance provided by private entities and government to offer financial protection against various risks.

U.S. Total Health Spending

Refers to the total public and private expenditure on health care services and products in the United States, measured annually.