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Discuss taxation under both forms

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Discussion :

Mike owns a small but successful coffee house. He decides to incorporate. Considering only tax benefits, should Mike form a C corporation or a subchapter S corporation and why? Discuss taxation under both forms.

What is the difference between a limited liability company (LLC) and a limited liability partnership (LLP) and why are LLCs and partnerships attractive to businesspersons? Explain.

Does any single form of business organization appear to be superior? What sorts of questions would one want to ask before selecting a business organization? Explain. Answer these questions in 500 words.

Reference no: EM132278775

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