Emily Wants to Open a Chain of Hair Styling Salons

question 16

Multiple Choice

Emily wants to open a chain of hair styling salons and hopes to attract investors to help finance growth.She considered forming a C corporation,but wants to have more flexibility about how the new business will be taxed.She also wants to offer investors/owners limited liability.Emily can satisfy her objectives by setting up an) :

• A)Limited liability company.
• B)S corporation.
• C)Alien corporation.
• D)General partnership.

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Definitions:

Electronic Markets

Trading platforms that operate over computer networks where transactions are completed electronically rather than through physical exchanges.

Direct Search

A method of job hunting or problem solving that involves approaching potential employers or solutions directly rather than through intermediaries.

Dealers

Financial intermediaries that buy and sell securities from their own inventory, acting as principal in the transaction.

Nordic

Pertaining to the countries of Northern Europe, including Denmark, Finland, Iceland, Norway, and Sweden.