Question

ik learnkey legal structures
there are various legal structures to choose from when creating a business. an s
corporation and c corporation have specific tax advantages and limited liability.
they have shareholders, a lower tax rate, and follow strict qualifications to
create. a limited liability company (llc) has a personal tax rate. they are not
personally liable for the companys debt. a sole proprietorship or partnership is
responsible for all debt and they are easy to create. the last legal structure, non-
profit organizations, have specific tax exemptions.
purpose
upon completing this project, you will better understand the legal structures
available to businesses.
steps for completion

1. match the following characteristics to the appropriate legal structure.

s corporation sole proprietorship
partnership llc
non - profit c corporation
a. __________________ no ownership, no us federal
taxes
b. __________________ best for international business even with being double - taxed
c. __________________ easy to create but comes with unlimited liability
d. __________________ lower tax rate that prevents the company from being double - taxed
e. __________________ ideal for a single owner seeking low risk
f. __________________ shared financial backing

Explanation:

Las organizaciones sin fines de lucro no tienen propietarios y no pagan impuestos federales estadounidenses. Las C corporaciones son buenas para negocios internacionales a pesar de ser doblemente gravadas. Las empresas individuales son fáciles de crear pero con responsabilidad ilimitada. Las S corporaciones tienen una tasa impositiva más baja y evitan la doble gravamen. Las empresas individuales son ideales para un solo propietario con bajo riesgo. Las asociaciones tienen un respaldo financiero compartido.

Answer:

a. Non - profit
b. C corporation
c. Sole proprietorship
d. S corporation
e. Sole proprietorship
f. Partnership