14- Previous C Reset 8/25 (D: 397153)
Match the legal structure to its description.
Sole proprietorship
Partnership
C corporation
S corporation
Limited liability company (LLC)
Non-profit
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AA (1637)
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A for-profit corporation with a lower tax rate that
prevents the company from being double taxed
Profits are taxed when earned, and then the
shareholders' dividends are taxed after they are
distributed. This legal structure is best for
international businesses
Allows the owner to pay taxes on their profits or
losses through their own taxes using a personal
tax rate. This legal structure is ideal for a single
owner seeking low risk
Easy to create, but comes with unlimited liability
Shared financial backing
Has no ownership and pays no US federal taxe