Estate Planning A. In terms of minimizing tax liability, how would estate planning differ from a partnership to a corporation? B. For estate planning purposes, what are the advantages of setting your business up as a corporation versus a partnership? Defend your response. C. Describe your company’s succession plan and whether or not it aligns with your company’s vision. D. Based on your responses, what estate planning strategy would be most effective in minimizing tax liability? Why? IV. Trusts

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Required solution of all parts is given below Requirement A Partnerships incur taxes on the profits they make whereas Corporations must pay state tax and federal taxes Partnerships and Corporations ha... View the full answer