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FOR AN S CORP: Illustrate the best course of action if the client decides to leave the business in three years. Provide some advice to
FOR AN S CORP:
- Illustrate the best course of action if the client decides to leave the business in three years. Provide some advice to him should he decide to gift the business to his daughter or transfer the assets or common stock to her, depending on the business entity you have selected
- Illustrate the best course of action if the client wishes to sell the business. Consider the tax consequences with regard to capital gains and losses, ordinary income issues, and selling an existing operating business.
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