Jeremy Is Thinking of Starting Up a Small Business Selling

question 27

Multiple Choice

Jeremy is thinking of starting up a small business selling NASCAR memorabilia.He is considering setting up his business as a corporation.What is one advantage to Jeremy of setting up his business as a corporation?

• A)By setting up the business as a corporation, Jeremy would not face double taxation.
• B)By setting up the business as a corporation, Jeremy would have the ability to share risk with shareholders.
• C)By setting up the business as a corporation, Jeremy would have both ownership and control over the business.
• D)All of the above would be advantages of setting up his business as a corporation.

---

Definitions:

Case Incident

A specific instance or occurrence of something, often analyzed for research or study purposes, especially within academic or professional fields.

Single Topic

Focuses exclusively on one specific subject matter or area of interest.

Full Case

A packaging and logistics term referring to shipping or storing products in their complete or original packaging units.

Frustration

An emotional response triggered by experiencing obstacles or hindrances towards achieving a goal.