Assume the same facts as in Question 13 Heather is also worried that once the partnership incorporates, the business will be subject to the Federal corporate income tax What suggestions do you have ...

Yes once incorporated the business may be subject to t ...

Assume the same facts as in Question 13. Heather is also worried that once the partnership incorporates,

Question:

Assume the same facts as in Question 13. Heather is also worried that once the incorporates, the business will be subject to the Federal corporate income tax. What suggestions do you have?
Partnership
A legal form of business operation between two or more individuals who share management and profits. A Written agreement between two or more individuals who join as partners to form and carry on a for-profit business. Among other things, it states...