Problem 1. What are three advantages of an S Corp. over a Partnership?
Give examples of each one.
Problem 2. What is Piercing the Corporate Veil?
When does it happen?
Problem 3. What are three negatives of an S Corporation?
Problem 4. What is double taxation?
Provide an example.
Problem 5. What is unlimited liability?
Problem 6. Who hires the management that runs a publicly traded company?