Assignment
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.