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The Business Structure Dilemma ACC 317 (Advanced Federal Taxation) You are a tax consultant and...

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Accounting

The Business Structure Dilemma

ACC 317 (Advanced Federal Taxation)

You are a tax consultant and must determine the most appropriate business structure for a small business entity. Compare and contrast S-Corporations, C-Corporations, and Partnerships in terms of tax consequences at formation, shareholder restrictions, income allocation, basis calculations, compensation to owners, taxation of distributions, and accounting periods. What information must be collected regarding the business venture in order to make your recommendation?

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