Question: Mr and Mrs. Beyonce decide to open a Lemonade Stand. They dont care about liability and only would like to minimize their tax reporting. They

Mr and Mrs. Beyonce decide to open a Lemonade Stand. They dont care about liability and only would like to minimize their tax reporting. They file a Individual tax return and they do not want any other tax return. How should they file their business?

The correct answer is one of the following 4 choices:

File as a Partnership

File as Qualified Joint Venture

File as a C-Corporation

File as an S-Corp

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