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EricvtJFraserr

To do: Use the drop down list in column E to determine which entity type is described by the following. Business Entity This entity is owned and operated by a single individual. Further, income is passed through to the owner on Schedule C of the 1040. When this entity type has 2 or more members, they can elect to be taxeed as a partnership, S Corp, or C Corp. The entity has a limited number of owners, with a maximum of 100 owners. This entity is a joint venture between two or more persons to conduct business as co-owners. On a base level, there is no limited liability for this entity. This entity is owned by an unlimted number of shareholders, has limited liability for those shareholders, and has a potential for double taxation..

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To do: Use the drop down list in column E to determine which entity type is described by the following. Business Entity This entity is owned and operated by a single individual. Further, income is passed through to the owner on Schedule C of the 1040. When this entity type has 2 or more members, they can elect to be taxeed as a partnership, S Corp, or C Corp. The entity has a limited number of owners, with a maximum of 100 owners. This entity is a joint venture between two or more persons to conduct business as co-owners. On a base level, there is no limited liability for this entity. This entity is owned by an unlimted number of shareholders, has limited liability for those shareholders, and has a potential for double taxation.

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