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Why would sole proprietors organize their businesses as LLC? A Group of answer choices B To hire better managers C To reduce their financial liability D To increase the risk their business faces E To avoid
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Why would sole proprietors organize their businesses as LLC?

A Group of answer choices

B To hire better managers

C To reduce their financial liability

D To increase the risk their business faces

E To avoid double taxation

User Michael Ozeryansky
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1 Answer

3 votes
A. Groups of answer choices
———

LLCs have become very popular because they provide the flexibility, informality and tax attributes of a partnership or sole proprietorship, and the limited liability of a corporation. To form an LLC, one or more people must file articles of organization with their state's business filing office.
User MarmouCorp
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