Business Structures - Zoom Study Session
Thursday's 03/28 free 6pm ET Zoom study session is titled, “Business Structures” Preview the question we’ll be covering below.
Find the Zoom link here: https://us02web.zoom.us/j/83922907346
A mid-career licensed architect has created his own firm that employs 14 full-time-equivalent people. The architect owns 100% of the firm.
Match the business structure to the scenario that gives the most liability protection, flexibility, and tax advantages. Not every business structure will be used, and the same business structure may be used twice.
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[Items to drag] C-corporation C-corporation Limited liability company (LLC) Limited liability company (LLC) S-corporation S-corporation Sole proprietorship Sole proprietorship |
[Scenarios to drag to] The company loses money in most years and is generally not profitable. It is propped up, financially, by a separate development company that the architect also owns. The company makes a negligible profit most years, but generally earns enough to pay the owner and employees fair salaries. The company earns a substantial profit averaging $200,000 per year after paying the owner and employees fair salaries. |
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