What Type of Legal Entity Do Many Entrepreneurs Use and Why

question 17

Multiple Choice

What type of legal entity do many entrepreneurs use and why?

• A)Sole Proprietorships due to the ease of initially setting up an organization.
• B)C Corporation due to its accounting system and financial reporting information.
• C)C Corporation due to its ability to finance with both debt and stock.
• D)LLC due to its tax advantages and the limited liability aspect to owners.

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Definitions:

Certain Emotions

Specific feelings that are experienced by individuals, which are triggered by particular events or thoughts.

The Conference Board

An organization that provides businesses with research, analysis, and specialized conferences on economic trends and management best practices.

Job Satisfaction

A measure of how content an individual is with their job, encompassing aspects such as work environment, role clarity, and recognition.

Physical Aggression

Any form of physical behavior intended to injure or harm another person.