Discuss the non-tax characteristics that affect the choice of business entity.
Question:
Discuss the non-tax characteristics that affect the choice of business entity.
Business Entity
A separate legal entity formed for the purpose of doing a specific business that is legal and ethical in the eyes of laws is known as a business entity. A business entity and its owners are two different entities and it is one of its characteristics.
Answer and Explanation: 1
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View this answerNon-tax characteristics that affect the choice of the business entity:
- Nature of business: If the nature of business is simple then proprietorship...
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Types of Business Organizations: Advantages & Disadvantages
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Chapter 6 / Lesson 3
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Learn to define "type of business" and study examples. Explore the three major types of business organization: sole proprietorship, partnership, and corporation.
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