Question

Haley is expanding her tax preparation business and wants to reorganize it. She wants to better protect her personal assets from any liabilities associated with the business, and she wants to pay a lower tax rate on her business income. She also believes her business will benefit from oversight from a board of directors. Which form of business structure would clearly meet Haley's needs

Answer 1

Answer: Corporation

Step-by-step explanation:

The form of business structure that would clearly meet Haley's needs is the corporation.

A corporation will give her limited liability therefore, her personal assets will be protected from any liabilities that's associated with the business.

Also, the tax rates for corporations are lower and also the business will benefit from oversight from a board of directors.