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match the legal structure to its description. limited liability company (llc), partnership, s - corporation, sole proprietorship, c - corporation, non - profit. a for - profit corporation with a lower tax rate that prevents the company from being double taxed. profits are taxed when earned, and then the shareholders dividends are taxed after they are distributed. this legal structure is best for international businesses. allows the owner to pay taxes on their profits or losses through their own taxes using a personal tax rate. this legal structure is ideal for a solo owner.
Limited Liability Company (LLC): Owners pay taxes on profits/losses through personal tax rate. Partnership: Profits are shared among partners and taxed at individual rates. S - corporation: A for - profit corporation with lower tax rate to avoid double - taxation. Sole proprietorship: Owner pays taxes on business income through personal tax return. C - corporation: Profits are taxed when earned and then shareholders' dividends are taxed after distribution, good for international business. Non - profit: Does not aim to make a profit for owners.
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Limited liability company (LLC): Allows the owner to pay taxes on their profits or losses through their own taxes using a personal tax rate. This legal structure is ideal for a small business.
Partnership: (No description in provided options that exactly match typical partnership tax - related description but generally, partners are taxed on their share of profits).
S corporation: A for - profit corporation with a lower tax rate that prevents the company from being double - taxed.
Sole proprietorship: (No unique description in provided options but similar to LLC in terms of owner paying personal tax on business income).
C corporation: Profits are taxed when earned, and then the shareholders' dividends are taxed after they are distributed. This legal structure is best for international businesses.
Non - profit: (No description in provided options as non - profit is about not making profit for owners).