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Threads Main View S corporations, in theory, blend the best features of partnerships and corporations. Please respond to all of the following prompts: Why elect

Threads Main View

S corporations, in theory, blend the best features of partnerships and corporations.

Please respond to all of the following prompts:

  • Why elect to form an S corporation over a C corporation? Will the ownership and/or type of business make a difference on the decision? Can an S corporation convert to a C corporation?
  • If it were permitted, why would such a conversion be done, and when would be an appropriate time?

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