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    angilique's Avatar
    angilique Posts: 4, Reputation: 1
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    #1

    Apr 17, 2008, 10:10 PM
    Types of business
    Which of the following types of business (Sole Trader, Partnership, Close Corporation, Public Company, Private Company), is a separate taxable entity?
    SBU's Avatar
    SBU Posts: 51, Reputation: 3
    Junior Member
    		  
    #2

    Apr 17, 2008, 10:26 PM
    If this is a homework problem you need to let us know what you think rather than us just give you the answer. HINT: Think of where general liabilities fall on each of the five types. If it falls on a different entity than the entity itself is taxable. If it falls on the owners than the owner is taxed for the company.
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