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Describe the tax treatments of regular (or C) corporations, S corporations, and limited liability companies (LLCs). Compare the tax treatments to identify the similarities and

  • Describe the tax treatments of regular (or C) corporations, S corporations, and limited liability companies (LLCs).
  • Compare the tax treatments to identify the similarities and differences.
  • From the organization's point of view, what are the implications of the different tax treatments?

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