Question

which of the following statements are correct?

a. one of the benefits of incorporating your bussiness is that you receive unlimited consents

b. the individually owned company is subject to more regulations than corporations

c. the individually owned company does not have to pay corporate taxes

d.all the above are correct

Answer 1

The correct statement is:-

c. the individually owned company does not have to pay corporate taxes

As an individual pays individual income taxes.