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4 January, 22:59

Business losses cant be deducted from your personal tax returns with which of the following business structure

S corporations

limited partnerships

sole partnerships

corporations

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Answers (1)
  1. 4 January, 23:08
    0
    Limited partnerships

    Explanation:

    In limited partnerships there is one general manager who handles the management of the company and has unlimited liability towards the company's assets.

    The limited partner has no personal liability in the company but cannot handle the management. This sort of business is profitable as in times of loss, one cannot lose their personal assets.

    Only the general stakeholder worries about their personal stakes in such business structures.
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