Which legal structure for organizations avoids double taxation,and has 100 or fewer shareholders?
A) S corporation
B) partnership
C) sole proprietorship
D) corporation

Question

Quizplus · Accepted Answer

S corporations avoid double taxation because they are not taxed at the corporate level, only at the shareholder level. Additionally, they are limited to 100 or fewer shareholders, making them a good choice for smaller businesses.

Which Legal Structure for Organizations Avoids Double Taxation,and Has 100