Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please explain why a business or company would start a business using a C Corp vs and LLC or an S Corp. Please Explain the

Please explain why a business or company would start a business using a C Corp vs and LLC or an S Corp. Please Explain the formation of the C Corporation and why it would be used vs a LLC or an S Corporation. Please explain the advantages of the C Corporation over an LLC or an S Corporation. They please talk about the operation of the C Corporation how the business would run and then how distributions would be taken out of the business for example the 80% tax rule. Also talk about the advantages of the C Corporation over the LLC and the S corporation. Also explain why a C Corporation would want to change to an S Corporation and if there are any tax advantages. Ideally, it would be in a table format to be used for comparison purposes.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Corporate Accounting Information Systems

Authors: Tony Boczko

1st Edition

0273684876, 978-0273684879

More Books

Students also viewed these Accounting questions

Question

=+how might their legitimacy be improved?

Answered: 1 week ago