Question

Mr. and Mrs. Coleman are going to establish a manufacturing business. They anticipate that the business will be profitable immediately due to a patent Mrs. Coleman holds. They predict that profits for the first year will be about $300,000 and will increase at a rate of about 20% per year for the foreseeable future.
Advise the Colemans on the form of business entity they should select. Assume they will be in the 39.6% tax bracket.


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  • CreatedSeptember 09, 2015
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