Question: Amy and Jeff Barnes are going to operate their florist
Amy and Jeff Barnes are going to operate their florist shop as a partnership or as an S corporation. Their mailing address is 5700 Richmond Highway, Alexandria, VA 22301. After paying salaries of $100,000 to each of the owners, the shop's annual earnings are projected to be about $150,000. The earnings are to be invested in the growth of the business. Write a letter to Amy and Jeff advising them of which of the two entity forms they should select.
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