Torrie Is Thinking of Starting Up a Small Business Selling

question 169

Multiple Choice

Torrie is thinking of starting up a small business selling hand-painted wine glasses.She is considering setting up her business as a corporation.What is one advantage to Torrie of setting up her business as a corporation?

• A)By setting up the business as a corporation,Torrie would not face double taxation.
• B)By setting up the business as a corporation,Torrie would have the ability to share risk with shareholders.
• C)By setting up the business as a corporation,Torrie would have both ownership and control over the business.
• D)All of the above would be advantages of setting up her business as a corporation.

---

Definitions:

American Strategy Specialist

A professional focusing on developing and applying strategies within the context of American business environments or markets.

Italian Affiliate

A branch, subsidiary, or partner company located in Italy that is connected to a larger organization based in another country.

Diverse Workforce

A workforce composed of individuals from a variety of backgrounds, including ethnicity, gender, age, sexual orientation, and cultural perspectives.

Culturally Diverse Employees

Employees who come from a variety of cultural backgrounds, enhancing the workplace with a broad range of perspectives, experiences, and skills.