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Question 1
A) How does the taxation of a corporation differ from that of a sole proprietorship and partnership?(1 point)

Taxes are said to pass through the corporation and onto owners.


The corporation pays no tax.


The corporation is taxed, and then shareholders are additionally taxed.


The earnings of shareholders are taxed directly.


Question 2
A) Which of the following business structures is said to have unlimited life?(1 point)

sole proprietorship


limited partnership


general partnership


corporation


Question 3
A) Corporations, limited partnerships, and limited liability partnerships differ from sole proprietorships and general partnerships in(1 point)

decision-making.


number of owners.


liability.


lifespan.


Question 4
A) Which of the following describes a primary difference between corporations and unincorporated businesses?(1 point)

The liability of owners is limited.


Decisions are made by a board of directors.


Two or more members are required to form a corporation.


Shareholders may have to liquidize assets to cover failures of the corporation.


Question 5
A) Sophia and Mia are interested in starting a business venture together. Other firms in the industry face high financial risks and tricky legal requirements that could easily get them into costly trouble. Which of the following would be the wisest choice of business structure for Sophia and Mia to pursue?(1 point)

general partnership


corporation


sole proprietorship


limited partnership

Respuesta :

anthougo

1. The main difference between the taxation of a corporation and a sole proprietorship and partnership is C. The corporation is taxed, and then shareholders are additionally taxed.

  • Shareholders suffer double taxation when the corporation distributes dividends to the stockholders.
  • The corporate profits are taxed at a corporate rate, which is usually higher than the personal tax rates.  
  • Dividend income received from the corporation by stockholders is also taxed at personal tax rates.

2. The business structure with unlimited life is the D. corporation

  • The business structure defines the form and ownership status of a business entity.  A corporation enjoys separate life from the owners and is not tied to the owner's lifespan.

3. These three business structures differ from a sole proprietorship and general partnership in C. liability

  • The liabilities of Corporations, limited partnerships, and limited liability partnerships are limited to the extent of members' capital contributions, unlike for a sole proprietorship or general partnership.

4. The primary or basic difference between a corporation and an unincorporated business is A. The liability of owners is limited.

  • An unincorporated business is not a legally registered entity.  For example, a sole proprietorship and general partnership.  Therefore, they also suffer from unlimited liability.

5. The wisest choice of a business structure that Sophia and Mia can pursue is A. general partnership.

Thus, the formation of a general partnership will meet Sophia and Mia's requirements and save them from high financial risks.

Learn more about business structures at https://brainly.com/question/9993254

Answer:

1. The corporation is taxed, and then shareholders are additionally taxed.

2. Corporation

3. liability

4. Decisions are made by a board of directors.

5. Corporation

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