A sole proprietorship business is planning to incorporate its business to acquire more capital investment and enjoy the benefit of limited liability. What are the pros and cons of incorporating the business as regards taxation? Assume that the incorporation of the business pushed through. What are the tax implications of this transaction?
A sole proprietorship business is planning to incorporate its business to acquire more capital investment and enjoy the benefit of limited liability. What are the pros and cons of incorporating the business as regards taxation? Assume that the incorporation of the business pushed through. What are the tax implications of this transaction?
Chapter7: Losses—deductions And Limitations
Section: Chapter Questions
Problem 9DQ
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A sole proprietorship business is planning to incorporate its business to acquire more capital investment and enjoy the benefit of limited liability.
- What are the pros and cons of incorporating the business as regards
taxation ? -
Assume that the incorporation of the business pushed through. What are the tax implications of this transaction?
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