This Form of Ownership Is the Same as a Corporation

question 85

Multiple Choice

This form of ownership is the same as a corporation in terms of legal characteristics even though Congress is considering legislation that would further simplify its formation and running.Its distinction from a corporation is made for federal income tax purposes only.

• A)S-corporation
• B)master limited partnership
• C)sole proprietorship
• D)limited liability company

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Definitions:

Stepparent Families

Families where one or both parents have children from previous relationships but have formed a new family unit through marriage or partnership.

Single-Parent Families

Households headed by only one parent, who is responsible for raising children.

Scaffolding

An educational technique that provides support to students by breaking learning into chunks and providing a structure to those chunks.

Mutuality

A relational dynamic characterized by mutual influence, recognition, and concern.