Which of the Following, If True About the Owners' Plan

question 56

Multiple Choice

Which of the following, if True about the owners' plan for the new business, would strengthen the case that it should be registered as an S corporation?

• A) They want their shareholders to be personally liable for the corporation's debts.
• B) They want to have an unlimited number of shareholders.
• C) They do not want the company to have to pay a corporate income tax.
• D) They do not want to have to meet any start-up requirements.
• E) They don't want to have a board of directors.

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Definitions:

National Patriotism

The ideology and sentiment of strong loyalty and devotion to one's nation, often expressed through pride in national achievements and culture.

Empire Governed by Force

Refers to an empire maintained and expanded through the use of military might, rather than through peaceful means or mutual agreement.

Anti-Federalists

Opponents of the Constitution who saw it as a limitation on individual and states’ rights; their demands led to the addition of a Bill of Rights to the document.

German Servants

Individuals of German origin who worked as indentured servants, often in the Americas, agreeing to a fixed term of unpaid labor in exchange for passage to the New World, food, accommodation, and eventual freedom.