First, read through the business structures information on the Internal Revenue Service (IRS) website. (https://www.irs.gov/businesses/small-businesses-self-employed/business-structures) Then, in your initial post, compare and contrast the partnership business structure with your selection of the C Corporation, S corporation, or LLC. Discuss the pros and cons of each, and include an explanation of the tax advantages between them. Give an example of a type of company that should choose each business structure and explain why it is the best choice. You must include at least one scholarly source in addition to your textbook and the IRS website to support your post.
In response to your peers, comment on the similarities and differences you see regarding the comparisons. Discuss whether you agree or disagree on the company examples and business structures they chose. If you agree, explain why you agree. If you disagree, choose a better business structure for the company and explain why it is better. Be sure to select a post that discusses a combination different from yours. For example, if you selected partnership versus LLC, respond to posts regarding partnerships versus S corporations or C corporations.