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can you Compare and contrast the similarities and differences of C corporation and S corporations. using these requirements? -Method of incorporation. -Procedures for electing S
can you Compare and contrast the similarities and differences of C corporation and S corporations. using these requirements?
-Method of incorporation.
-Procedures for electing S corporation status.
-How each entity is taxed.
-Shareholder requirements.
-Types of stock allowed to be issued by each entity.
-Accounting methods and periods allowed.
-Voluntary and involuntary S terminations.
-How earnings and profits (E & P) is affected upon S election.
-Dividends received deduction.
-Discuss the ways basis are computed for each entity.
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