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business > Business Structures > Flashcards

Business Structures Flashcards

1
Q

S Corporation

A

Lower tax rate that prevents the company from being double-taxed; Tax
BENEFITS AND business liability protection

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2
Q

C corporation

A

Best for INTERNATIONAL business even with being double-taxed

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3
Q

Partnership

A

Shared financial backing

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4
Q

LLC

A

Ideal for a single owner seeking low risk

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5
Q

Sole proprietorship

A

Easy to create but comes with unlimited liability

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6
Q

Non-profit

A

No ownership, no US federal taxes

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business (3 decks)

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