Answered

is a company's business type as identified by the Internal Revenue Service.
O Entity identification
O Company identification
Legal business structure
Legal type



Answer :

GinnyAnswer

Final answer:

The IRS identifies a company's business type through its legal structure, including sole proprietorship, partnership, corporation, and LLC.


Explanation:

One of the ways a company's business type is identified by the IRS is through the Legal business structure. This includes forms such as sole proprietorship, partnership, corporation, and Limited Liability Company (LLC). Each structure has different implications for taxes and liability.


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