Fact Pattern 43-B1

question 40

Multiple Choice

Fact Pattern 43-B1
Jordan and Kacy own and operate Safety Tables,a small-business enterprise that sells adjustable tables that allow workers to safely work with large,heavy,or oddly shaped objects.The enterprise does not pay taxes on its profits,but distributes them to Jordan and Kacy who pay taxes on these amounts as their individual income.Jordan and Kacy's personal liability for Safety Tables's debts and obligations is limited.
-Refer to Fact Pattern 43-B1.Safety Tables is

• A)a corporation.
• B)a general partnership.
• C)a limited liability company.
• D)a sole proprietorship.