Question: Need help on this one please.. DESCRIPTION OF ACTIVITY Identify responses to the Comparative Business Analysis issues listed below. Shirley and Clarence Fortune are going

Need help on this one please..

DESCRIPTION OF ACTIVITY

Identify responses to the Comparative Business Analysis issues listed below.

Shirley and Clarence Fortune are going to operate their florist shop as a partnership or as an S

Corporation. After paying Salaries of $100,000 to each of the owners, the florist shop's annual

earnings are projected to be about $150,000. The earnings are to be invested in the growth of the

business. Prepare a memorandum identifying as to which of the two (2) entity forms that Shirley

and Clarence should select (considering both Tax and Nontax Factors).

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