Within this module the C and S forms of a corporation were discussed. Each form of business offers different benefits and tax implications. Write a three to four page paper providing guidance to an entrepreneur on the differences and tax implications of each structure.
The paper should address the following –
- Define and summarize the C form of a corporation – include a link to the IRS page where the reader can review this specific information.
- Define and summarize the S form of a corporation – include a link to the IRS page where the reader can review this specific information.
- Compare and contrast the two forms of corporations.
- Identify at least three questions to ask the entrepreneur to help them decide which form is preferable.
Your assignments should be free of spelling and grammar errors. Transitions between paragraphs should be clear and your paper should include an introduction and conclusion.
Submit your completed assignment to the drop box below. Please check the Course Calendar for specific due dates.
Save your assignment as a Microsoft Word document. (Mac users, please remember to append the “.docx” extension to the filename.) The name of the file should be your first initial and last name, followed by an underscore and the name of the assignment, and an underscore and the date.