Assignment:
Q1. Describe the circumstances under which a partnership would offer greater tax advantages than a corporation.
Q2. Explain why it is somewhat misleading to assert that the corporate form provides limited liability for its owners, whereas the partnership form saddles its owners with unlimited liability.
Q3. What is a single tax advantage of a limited liability company?
Your answer must be, typed, double-spaced, Times New Roman font (size 12), one-inch margins on all sides, APA format and also include references.