CHAPTER 5 - FORMS OF BUSINESS OWNERSHIP

A new form of business ownership looks like a corporation in that it is traded on the stock exchanges like a corporation, but it is taxed like a partnership and avoids the corporate income tax. This is known as a(n): sole proprietorship. master limited partnership. ā€œSā€ corporation. general partnership. 7. One of the benefits a general partnership has over a sole proprietorship is: a ... ................
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