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BC Corporation would like your feedback on the taxation implications for the several business entities. They are particularly concerned about how they will be taxed under every entity as they suspect benefits will be large.
Part 1Develop a 5-6 slide presentation on the following business entity options:
C CorporationS CorporationPartnershipLimited Liability Company
Be sure to explain how BC Corporation. would be taxed under each business entity. Finally, make a recommendation for the type of entity that they should establish, knowing what their profit expectations are for the business. Support your recommendation with rationale.
Part 2:BC Corporation has decided to move forward in establishing their business entity based on your recommendation. Since their headquarters is located in Illinois, they will be completing the appropriate articles of incorporation for the state of Illinois. They have enlisted your help with completing the necessary paperwork. Identify the necessary information needed to incorporate. Comment on whether this is practicing law without a license and explain why or why not.
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