The third case has two parts addressing the use of the partnership form of doing business for tax purposes.
Required
Part One:
What are some major differences between corporations and partnership from a tax and nontax perspective? Don't forget to comment on legal liabilities.
Part Two:
Limited Liability Companies (LLCs) are very popular for small businesses today. Discuss tax and nontax reasons for their popularity. Also, make a comparison between LLCs and S corporations.
Assignment Expectations
It is important to answer the questions as posed. The discussion should be 5-7 pages. Support your discussion with computations as requested and don't forget references in APA format.