Business, 06.05.2020 06:33 myahprovenzano

Nikki wants to start her own greeting card and postcard business. After looking at the costs associated with starting this business, she decided on using the least expensive form of ownership to set it up. Which of the following choices and reasons would be the least expensive form of ownership for Nikki’s new business?

A-A LLC because it gives her limited liability for the risks her business takes on.

B-A sole proprietorship, because she doesn’t need to draft corporate charters, articles of incorporation and agreements with an attorney’s help.

C-A partnership, because Nikki could have a business partner with which to share expenses.

D-An S Corp, which would mean Nikki is not paying double taxation.

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Nikki wants to start her own greeting card and postcard business. After looking at the costs associa...

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