During the year, J decided to incorporate her boutique, which she has operated as a sole proprietorship for several years. The business has various assets including a building, office equipment, accounts re-ceivable, and inventory. Prepare a list of tax-related issues that should be discussed with J concerning the incorporation of her business, including considerations of the special deduction for qualified business?

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A sole proprietorship is owned and run by one individual who receives all profits and has unlimited ... View the full answer