A. At the end of the chapter in Issue Spotters, read, reflect on, answer, and submit a response to Question 1 on page 486.

B. You formed a close corporation to get limited liability for your business activities but you are not pleased with the double taxation - the income tax on the corporation earnings and your income tax on dividends from the corporation. Is there a way that you can avoid the double taxation and still do business as a corporation? Explain what you need to do.