This Form of Ownership Is the Same as a Corporation

question 68

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:

Pelvic Bone

A structure at the base of the spine consisting of three bones: ilium, ischium, and pubis, supporting the spine and protecting lower abdominal and internal reproductive organs.

Fibula

A long, thin bone located on the lateral side of the tibia, in the lower leg.

Calcaneus

Also known as the heel bone, the calcaneus is crucial for walking, running, and jumping, absorbing impact and providing leverage.

Conoid Tubercle

A small, bony prominence on the inferior surface of the clavicle, which serves as a ligament attachment site.