Justin Lapierre Decided to Operate His Own Web Design Firm

question 7

Multiple Choice

Justin Lapierre decided to operate his own Web design firm and is leaning toward organizing it as a sole proprietorship. What is one factor Justin should realize in choosing this form of business?

• A) He will be creating a business that is legally separate and distinct from himself.
• B) He will be required to fill out special forms and pay proprietorship fees to get the company legally established.
• C) He will incur the problem of double taxation.
• D) He will be exposing himself to unlimited personal liability for the company's debts.

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Definitions:

Deviant Act

Behavior that deviates from societal norms or expectations, which can be criminal or non-criminal but attracts disapproval, punishment, or sanction.

Background Factors

The underlying conditions or influences that shape an individual's behavior, attitudes, or achievements, often considered in studies of social and psychological development.

Uniform Crime Report

An annual report compiled by the FBI to track the incidence of crime in the United States and to provide statistics.

Crime In The United States

Refers to unlawful acts punishable by the state that occur within the United States, with its nature, frequency, and legal responses varied across regions.