Khalid is a 39-year-old, married business owner who runs a dry cleaning service with three locations. his personal obligations are the home that he owns with his wife who works for a well-known insurance company; the health needs of his family; and his commitment toward saving for the future higher education needs of his three children. khalid knows that two of his locations require a large infusion of cash to pay for new and expensive dry cleaning equipment. although his wife’s job provides the family with health insurance, it also places the family in a higher income tax bracket. khalid would certainly like to minimize his taxes. which of the following forms of business ownership would you suggest for khalid? khalid should consider:

a. a sole proprietorship due to the fact that it pays its own taxes and it has limited liability.
b. a sole proprietorship due to the fact that it has unlimited liability and it will protect the family’s personal assets.
c. a corporation because he can avoid the negative aspect of limited liability. corporations are always taxed at a lower rate than individuals.
d. a limited liability company because he will only be liable for what he has invested in the business. his personal assets will be protected, and he can be taxed like a sole proprietorship.