Question

What are the advantages of maintaining a particular type of business structure

Answer 1

Answer:

It's the easiest to set up because it doesn't require the filing of any papers.

States do not require the registration of proprietorships.

Profits are only taxed once on the owner's personal tax returns.

The owner has complete control of the business and makes all the decisions.

Tax forms are not complicated.

Assets are easy to liquidate upon the death of owner.

Explanation:

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