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You begin a business with your friend, what is not options for how your business will be taxed. Question 5 options: Business can elect to

You begin a business with your friend, what is not options for how your business will be taxed.

Question

5

options:

Business can elect to be taxed as a Partnership.

Owners can choose to split the profits on their own tax return on Schedule C

.

Business can elect to be taxed as a C

-

corporation.

Business can elect to be taxed as a S

-

corporation.

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