Incorporation is always the best business organization for tax purposes at the federal level.   Federal tax reform has removed some of the tax benefits of incorporation.   Federal tax reform has changed the taxation of businesses, making all types of businesses have similar tax rules.   Shareholders still benefit from delayed taxation because of incorporation.   Tax reform has changed the tax benefits of incorporation.

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A: LLC is one of the most versatile and flexible methods of business organisation which have features…

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A: An advantage of a corporation is that C-Owners have limited liability for debt. This means that the…

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Q: 1. List and describe the four corporate characteristics.

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