Discussion Post: Packback
Topic: It is important that business owners select the best tax entity for their business. Discuss one or two reasons why partnerships or limited liability companies are often a better choice for a new business.
• Why are partnerships or LLCs a better choice for new businesses compared to C & S corporations?
• What are some of the advantages of forming a company under a LLC rather than filing as a S-corp or a C-corp?
The response must include a reference list. Using Times New Roman 12 pnt font, double-space, one-inch margins, and APA style of writing and citations.