The entity selection directly affects ________.

Group of answer choices

how many employees you can have

how many lenders you can have

how the entity is taxed

where the organization is located

Which of the following is best if you want to manage the business yourself and protect your personal assets?

Group of answer choices

joint venture

partnership

single-member LLC

What is the primary advantage of becoming an LLC entity?

Group of answer choices

allows managers to maintain all the decision making

provides the corporate shield of limited liability to the owners

allows the company to issues shares of stock to investors

permits the organization to have unlimited number of employees

Which entity determines if an organization is not-for-profit?

Group of answer choices

attorney general

director of taxation

governor of the state

Not-for-profits are formed to ________.

Group of answer choices

avoid paying taxes

further a social cause

make a profit

only use volunteers