Within this module the C and S forms of a corporation were discussed. Each form of business offers different benefits and tax implications. three to four page paper providing guidance to an entrepreneur on the differences and tax implications of each structure.

The paper should address the following -

• Define and summarize the C form of a corporation - include a link to the IRS page where the reader can review this specific information.
• Define and summarize the S form of a corporation - include a link to the IRS page where the reader can review this specific information.
• Compare and contrast the two forms of corporations.

Identify at least three questions to ask the entrepreneur to help them decide which form is preferable