Hi,

Please see the attached document. There are 2 basic questions that I need help answering.

Please make sure when responding that you leave the format of the document the same.

Thank you,

K

Topic 1: Brooklyn and Bronx Corporation decides to change from a C corporation to an S corporation. What are the advantages of the S corporation status compared to the C Corporation? As a client of yours, what would you advise Brooklyn and Bronx Corporation to do? Why? Topic 2: How do stock ownership requirements differ for a C and S corporation? Is there a difference in income reporting by the shareholders because of the difference? Explain