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This is the second of three milestone assignments that will lead to completion of your course project. In this assignment, you will complete Sections IIl and IV of the final project. For this part of the assessment you will prepare a Word document that addresses the critical elements below. Make sure you answer each question in a substantive way and defend your content with at least one scholarly source other than your textbook. You will want to pay close attention to the grading rubric in order to make sure you meet the exemplary level in each requirement. Specifically, the following critical elements must be addressed II Estate Planning A. B. C. D. In terms of minimizing tax liability, how would estate planning differ from a partnership to a corporation? For estate planning purposes, what are the advantages of setting your business up as a corporation versus a partnership? Defend your response. Describe your company's succession plan and whether or not it aligns with your company's vision. Based on your responses, what estate planning strategy would be most effective in minimizing tax liability? Why? IV. Trusts A. B. C. Draw a conclusion about the purpose for the company's trust based on the research of your company. Why would a small business owner want to set up a trust and how could it be used for estate planning purposes? Evaluate the similarities and differences between trusts and corporations. In an attempt to protect income, which would be most suitable for a company? Guidelines for Submission: Your paper must be submitted as a 2- to 3-page Microsoft Word document with double spacing, 12-point Times New Roman font, and one-inch margins. Use at least one outside source other than the textbook. Sources should be cited according to APA style