Evan is setting up a new business. He can operate the business as a sole proprietorship or
Question:
a. Compute the total tax cost in 2013 for each alternative if Evan is single and this is his only source of income.
b. Which alternative business form do you recommend based solely on the first year tax costs?
c. What are some of the other factors Evan should consider in deciding between a C corporation and an S corporation for his business?
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
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Related Book For
Taxation For Decision Makers 2014
ISBN: 9781118654545
6th Edition
Authors: Shirley Dennis Escoffier, Karen Fortin
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