NASCLA Business Law and Management UPDATED Questions And Correct Answers
Sole Proprietorshipa business owned and managed by a single individual Simplest form to set up unlimited Liability PartnershipsBusiness organizations in which two or more persons share responsibilities, costs, profits, and losses. C CorporationsCorporations that have no restrictions on who owns their shares or the number of shareholders; they cannot qualify for subchapter S tax treatment and are subject to direct taxation S corporationA unique government creation that looks like a corporation but is taxed like sole proprietorships and partnerships No more than 100 shareholders FILING IRS FORM 2553
Written for
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- NASCLA Business Law
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- March 15, 2024
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- 2023/2024
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- nascla business law
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nascla business law and management updated questio
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nascla business law and management
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