What are the tax ramifications


Pick a form of ownership (sole proprietorship, partnership, corporation, s-corporation, LLC).Explain your choice.Once profitable, what are the tax ramifications?If your goal is to retain control of the company over the long term, will the form of ownership you have chosen enable you to do so?How much capital will you need to raise? Is this form of ownership optimal for accomplishing this objective?

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Accounting Basics: What are the tax ramifications
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