Question

To raise capital, candace tyson and martha black plan to sell stock to between 108 and 200 investors. they also want to avoid double taxation. which type of business ownership would you recommend

Answer 1

I would recommend the limited liability company type of the business for Candace Tyson and Martha Black's business. A limited liability company is not a separate tax subject in its business. The tax liability in this type of business occurs for each of the shareholders of the company. Therefore, it will avoid the double taxation situation.