Jonathan Inherited a Large Amount of Money from His Uncle

question 179

Multiple Choice

Jonathan inherited a large amount of money from his uncle.Jonathan wishes to start his own business,and his lawyers encourage him to make it a corporation.What disadvantage of a sole proprietorship are the lawyers trying to avoid?

• A) Unlimited liability
• B) Lack of management skills
• C) Retention of all profits
• D) Lack of money
• E) Double taxation