if your client wanted to start a new business, for example manufacturing watches and asked you to identify the tax consequences of being in business as a sole proprietor, regular C corporation, S corporation or a partnership, what would you recommend? discuss the pros and cons of each type of business entity.

please include:

tax rates

accounting methods

computation of Income

Deductions Charitable contributions

Casualty losses

ownership

net operating loss

capital gains and losses

dividends/distributions

due dates filing