Question: Question 6 a) Compare these three business entities: C-Corp, LLC, and Sole proprietorship, on the following aspects: 1. Responsibility for liability 2. Taxation at entity

Question 6 a) Compare these three business entities: C-Corp, LLC, and Sole proprietorship, on the following aspects: 1. Responsibility for liability 2. Taxation at entity level 3. Taxation at individual owner level 4. Treatment of Owner compensation b) For each item below, provide 2 examples: 1. Unfavorable temporary book-tax difference 2. Favorable permanent book-tax difference

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