Question & Answer: X Ifa corporation is forme : QIntro to Busnessplashcmx G ifa sole popnet0r is fo x D Clk&Day Advarstagr コFnal Exam Sadr Guide ×…..

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X Ifa corporation is forme : QIntro to Busnessplashcmx G ifa sole popnet0r is fo x D Clk&Day Advarstagr コFnal Exam Sadr Guide × ecto mheducation.com/mpx0.12370904631483315 1505968238852 Cal State Apply! My c CSUFSSOSerce C) BUS139-26615 Busan M Md D cengage ⓤ Honda Ca’ P chase -Blackboard Lear Availability of Capital and Credit Business Responsibility Double Taxation Limited Financial Resources Ease of Formation Limited Liability PARTNERSHIPPRIVATE CORPORATION SOLE PROPRIETORSHIP Advantage Disadvantage ype here to sea

Expert Answer

	Sole properietorship	Partnership	Private Corporation

Advantage	Ease of formation	Availibility of capital and credit	Limited liability


Disadvantage	Limited financial resources	Business responsibility	Double taxation

	Company	Taxation Type
Sole Proprietorship	Joypass	Personal taxation only

Partnership	Refer Note	Personal taxation only

Corporation	I Scream Inc.	Double Taxation

S Corporation	Refer Note	No company Tax

LLC	Town Doctor	Personal / Higher rate

If A owns 60% of the LLC and B owns 40% of the LLC. Then A will be entitled to 60% share of the profits/losses. Same can also be applicable in case of Limited partnership hence i mentioned personal / higher rate against LLC.

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I could not get any information on Pet Perfect to know what kind of company classification it falls under. Similarly Joypass opened a wordpress.com site which mentions it to be a travel related company with only one individual’s name and personal cell number hence assumed to be sole proprietorship

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