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HSA3170 UPDATED Test Exam Questions And CORRECT Answers
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C- Corporation A traditional for- profit corporation S Corporation A for-profit corporation with a limited number of stockholders that, after filing an application with the Internal Revenue Services, is taxed as a proprietorship or partnership LLP Limited Liability Partnership; a partnership that limits the professional(malpractice) liability of its members For-Profit a legal business entity that is separate and distinct from its owners and managers Not-for-Profit businesses that are owned by the community at large and are controlled b a board of trustees. They are exempt from local, state, and federal income and property taxes
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