Pauline is a certified financial planner. She has chosen to set up her

QUESTION

Pauline is a certified financial planner. She has chosen to set up her business such that she has the tax benefits of a sole proprietorship—one level of tax—and is free of having to worry about annual reports and shareholder requirements.

What kind of company does Pauline run?
A) a B corporation
B) a C corporation
C) an S corporation
D) a limited liability company
E) a cooperative

ANSWER

Answer: D