Question

business structure.
Match the example with the business structure that makes sense for it.



To match the items, click the example, and then click the business structure.

Doug and Vanessa want to start a carpet cleaning business together and share the ownership and profits. They are not concerned about personal liability. They want the business to be fairly simple to set up.

Sole proprietorship

Esperanza is starting a business by herself as an illustrator for magazines and children's books. She isn't concerned with personal liability, but she wants the business to be easy to set up.

S corporation or LLC

Robyn wants to turn her sole proprietorship as a tutor into a larger company with many owners and liability protection. She is willing to deal with double taxation and a complicated setup process.

C corporation

Cuba is starting an event planning company. He wants to protect his liability, and he would prefer pass-through taxation.

Partnership

Ming is starting a business with the purpose of fighting hunger in her community. She doesn't care about making a profit and is willing to reinvest any income back into her products and services.

Nonprofit corporation

Answer 1

Answer:

Doug and Vanessa- partnership

Esperanza- sole partnership

Robyn- c corporation

Cuba- s corporation or LLC

Ming- nonprofit corporation

I hope this helps someone!!