Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. a, an individual us citizen, b a c corporation and

A, an individual US citizen, B a C corporation and K, a citizen of Canada...

80.2K

Verified Solution

Question

Accounting

A, an individual US citizen, B a C corporation and K, a citizen of Canada who is also a resident Alien in the US, want to start a shoe sales business, on-line. They are seeking to: 1) minimize their tax liability in the US, 2) minimize legal liability, 3) attract outside investors if the business takes off , 4) not involve a lot of bureaucratic red tape 5) have continuity of existence if an owner leaves/dies. What type of entity would you suggest for them?

a. S corporation b. LLC c. Partnership d. Sole proprietorship

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Statistics
1.2K views

Find out the 95% confidence interval for a sample whose Mean=10.50 and Standard Deviation is= 2.0....

Biology
1.2K views

1. Based on the hormones we have discussed in class, create a list of hormones that...

Economics
1.2K views

Provide five (5) reasons why product prices are sticky in the short run.

Advance Math
1.2K views

1. solve the IVP: xy''-y/x=lnx, on (0, inifnity), y(1)=-1, y'(1)=-2 2.solve the IVP: y''-y=(e^x)/sqrtx, y(1)=e, y'(1)=0 3. Given...

Biology
1.2K views

1 4 This pedigree illustrates the pattern of inheritance of X linked recessive colorblindness in...

Calculus
1.2K views

Match equation question type with a graph x A x B y y y x...

Calculus
1.2K views

The function h is defined as follows.h(x) =x-10x+16x2-8x+16Find h (4).Simplify your answer as much as...

Accounting
1.2K views

The following lots of a particular commodity were available for sale during the year ...

Accounting
1.2K views

3. What are the weaknesses of capital market research? 4. What is post-earnings-announcement drift, and...

Accounting
1.2K views

Check my work On January 1, 2018, Marshall Company acquired 100 percent of the outstanding...

Accounting
1.2K views

A project requires a $7,390 outflow and provides 5 annual cash flows of $1,940. Assume...

Accounting
1.2K views

Myrle Cocco owns a car that she uses both in her business and for personal...