This bingo card has 18 words: Set up as a Wyoming LLC, Has 2 or more members, Incorporated under Delaware General Corporation Law, Has only 1 member, Domestic (US) entity, Foreign (non-US) entity, Does not have limited liability, Is not a "business entity" (is a trust), Limited Liability, Set up as a Nova Scotia Unlimited Liability Company (ULC), Files a Form 2553, Is a "business entity" for US tax purposes, Is a "per se" foreign corporation, Files Form 8832 to change its tax classification, Shareholders must be US tax residents and citizens, Files a Form 1120-S each year, Files a Form 1120 every year and Files a Form 1065 every year.
LO1 Understand different types of businesses and their objectives | Business Tax In Depth Webinar BINGO | Types of Businesses | Different types of businesses and their objectives | Accounting
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