The data presented in Table suggest that the corporate form suffered a tax disadvantage relative to the

Question:

The data presented in Table suggest that the corporate form suffered a tax disadvantage relative to the form from 1987 to 1992. List and explain the factors that caused this outcome. Why didn’t more firms convert from the corporate form to form during this time?
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...