Emily Wants to Open a Chain of Hair Styling Salons

question 97

Multiple Choice

Emily wants to open a chain of hair styling salons and hopes to attract investors to help finance growth. She considered forming a C corporation, but wants to have more flexibility about how the new business will be taxed. She also wants to offer investors/owners limited liability. Emily 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:

Band Society

A small, kinship-based group of foragers who hunt and gather for their living.

Conflict

A struggle or clash between opposing forces, ideas, interests, or individuals, often resulting in tension or dispute.

Rebellions

Acts of violent or non-violent resistance against established authorities or governments, typically in an effort to enact change.

Revolutions

Fundamental changes in political, social, economic, or cultural structures, often occurring in a relatively short period and frequently accompanied by conflict.