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NeTakaya
3 years ago
15

Khalid is a 39-year-old, married business owner who runs a dry cleaning service with three locations. His personal obligations a

re the home that he owns with his wife who works for a well-known insurance company; the health needs of his family; and his commitment toward saving for the future higher education needs of his three children. Khalid knows that two of his locations require a large infusion of cash to pay for new and expensive dry cleaning equipment. Although his wife’s job provides the family with health insurance, it also places the family in a higher income tax bracket. Khalid would certainly like to minimize his taxes. Which of the following forms of business ownership would you suggest for Khalid? Khalid should consider:
A. A sole proprietorship due to the fact that it pays its own taxes and it has limited liability.
B. A sole proprietorship due to the fact that it has unlimited liability and it will protect the family’s personal assets.
C. A corporation because he can avoid the negative aspect of limited liability. Corporations are always taxed at a lower rate than individuals.
D. A limited liability company because he will only be liable for what he has invested in the business. His personal assets will be protected, and he can be taxed like a sole proprietorship.
Business
1 answer:
madam [21]3 years ago
3 0

Answer:

D. A limited liability company because he will only be liable for what he has invested in the business. His personal assets will be protected, and he can be taxed like a sole proprietorship.

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Answer:

b,c,d

Explanation:

A country has comparative advantage in production if it produces at a lower opportunity cost when compared to other countries

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3 / 8 = 0.375

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3 years ago
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2 years ago
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Answer:

elementary business process level

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3 0
2 years ago
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B. index

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