Mike owns a small but successful coffee house He decides to incorporate Considering the tax benefits and liability issues, should Mike form an LLC, a C corporation or a subchapter S corporation and why Discuss taxation and liability protection under all forms and which would be the best choice and ...

Tax benefits of Limited Liability Corporation The tax rate for an LLC depends on the total income of ...

Mike owns a small but successful coffee house. He decides to incorporate. Considering the tax benefits and

Question:

Mike owns a small but successful coffee house. He decides to incorporate. Considering the tax benefits and liability issues, should Mike form an LLC, a C or a subchapter S and why? Discuss taxation and liability protection under all forms and which would be the best choice and why.
When answering the questions, make sure that you support your responses with facts, laws. Also, make sure that you are using APA citations in your responses.
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...