B&G,Inc. ​A Year Ago,Carl Went to Work for B&G,Inc.He Has Worked

question 28

Multiple Choice

B&G,Inc.
​A year ago,Carl went to work for B&G,Inc.He has worked for the finance department ever since he started.He noticed that the corporation was only taxed as though it were a partnership.This was something that he found very odd when he first started working for the company,but he later realized it was a fairly common practice.He recognized that this was one of the advantages of this type of corporation.
​While the job was challenging,Carl was not happy.He wanted to work for a company whose main goal was to provide service to the community,not to make a profit.However,Carl felt that,considering his present financial situation,he had to continue working for B&G,Inc.A week later,Carl discovered there was going to be a merger between B&G,Inc.and one of its major competitors.Carl's boss informed him that he would be getting a promotion and a raise.While he was excited about making more money,he still was not happy.He knew then that he would not be working for the company for long.
-Refer to B&G,Inc.What type of organization was Carl considering switching to?

• A) Limited-liability corporation
• B) Sole proprietorship
• C) S-corporation
• D) Not-for-profit corporation
• E) Closed corporation