Why tax advisors caution people who are starting a business


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Explain why tax advisors caution people who are starting a new business that the tax costs of incorporating a business may be low while the tax costs of liquidating a business may be high. Additionally, provide examples of both costs associated with startup and liquidation. Solid academic writing is expected and any sources used should be cited.

The response must include a reference list. Using one-inch margins, double-space, Times New Roman 12 pnt font and APA style of writing and citations.

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Taxation: Why tax advisors caution people who are starting a business
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