An S-Corporation Form of Ownership Overcomes Which Disadvantage of the Regular

question 94

Multiple Choice

An S-corporation form of ownership overcomes which disadvantage of the regular or "C" corporation form of ownership?

• A)The double taxation issue
• B)The expense and difficulty of formation
• C)The amount of regulation and red tape involved in its operation
• D)The potential loss of control by the founder

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Definitions:

Tunic

A layer or covering, often referred to in biology as the outer, fibrous covering of organisms such as tunicates or the covering around certain seeds.

Body Covering

The outermost layer or material that covers the body of an organism, such as skin, fur, feathers, or scales.

Venom

A toxic substance secreted by animals, such as snakes and spiders, often used to immobilize or kill prey and for defense.

Stingrays

Marine cartilaginous fish known for their flat bodies and long, whip-like tails equipped with venomous stingers, used for defense.