15. A budding entrepreneur wants to start a business but is unsure of the legal form suited for her. Short of cash, she has to take the form that is least expensive and most flexible in terms of decision making and implementation. Which would you recommend? (1 Point) Sole proprietorship Joint venture Partnership Corporation

If you were to start a business, what ownership form would you choose? Wjat factors might affect your choice?

A way of spreading out the risk associated with expensive and/or dangerous business ventures among several partners?

Which one of the following business types is best suited to raising large amounts of capital? O a. Sole proprietorship. O b. Limited liability company. O c. Corporation. O d. General partnership. O e. Limited partnership.

Select the best answer. Which of the following statements regarding various entities is true? O O O A. A business entity with only one owner is classified as a corporation or is disregarded. ion Q 10 B. A disadvantage of a pass-through entity is double taxation. C. By default, an eligible entity that has a single member will be treated as a limited partnership. Partnerships are taxpaying entities, because tax attributes pass through to the individual partners. O D. Submit Answers 100% Complete Exit

Which of the following is a distinguishing feature of a limited liability partnership? Question 10 options: a) It is intended to address the concerns of professionals who are not permitted to form corporations. b) It is a form of business that is not yet available in Canada. c) Its partners are shareholders. d) The liability of some of the partners is limited to their capital contribution.