In selecting a business structure which of the following should you consider?Group of answer choicesMinimise tax exposureAllow for the admission of new partners or investors into the business (if relevant)Maximise personal asset protectionHave future entitlement to Discount Capital Gains Tax Concession (if relevant)legal requirementsAll of the above

Which of the following is an advantage of a Company/Corporation business structure?Group of answer choicesUnlimited liabilityTaxed dependent on incomeLimited liabilityNot very complicated to set up

Match the following business process MAKEGroup of answer choicesEnterprise Asset ManagementInventory and Warehouse ManagementProductionProcurement

Multiple Choice QuestionA form of business ownership that looks like a corporation but is taxed as though it were a partnership with restrictions on shareholders is ______.Multiple choice question.an S corporationa cooperativean unlimited liability companya sole proprietorship

Multiple Choice QuestionAn advantage of a limited liability company (LLC) over an S corporation is that an LLC Blank______.Multiple choice question.restricts any pass-through tax to its membersmay have tax advantages depending on the state in which the business operatesmay issue shares of stock to its membersextends liability beyond a member's capital contribution to the business, allowing unlimited liability

Multiple Choice QuestionWhich form of business allows for the greatest degree of secrecy surrounding business reports?Multiple choice question.PartnershipLimited Liability CorporationSole proprietorshipCorporation