Which of the Following Business Entity Forms Are Subject to Single

question 145

Essay

Which of the following business entity forms are subject to single taxation on the profits and which are subject to double taxation?
a. Sole proprietorship.
b. General partnership.
c. Limited partnership.
d. C corporation.
e. S corporation.
f. LLC.

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Definitions:

Public Good

A product or service that is made available to all members of a society, characterized by being non-excludable and non-rivalrous in consumption.

FM Radio Station

A broadcast station that uses frequency modulation to provide radio programming to the public within a certain geographic area.

Excludable

A feature of a product or service that enables the owner to restrict its use by others without obtaining consent.

Rival In Consumption

Describes a good or service whose consumption by one individual prevents simultaneous consumption by other individuals, making it exclusive in nature.