Individuals who are sole proprietors or who have formed single member LLCs report business income on Schedule C of Form 1040.  Please use the IRS website as your source of research and provide us with information as to why sole proprietors would benefit from organizing their businesses as single member LLCs.  Please let us know if there are any disadvantages to this form of business organization.

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Q: What are the objectives of financial reporting of not-for-profit organizations?

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A:

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Q: refer to sections from the Corporations Act 2001 (Cth) to support your answer.

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Q: Supporting services expenses consist of two categories: 1) management and 2) grants. True O False

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