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What are the possible concerns a partner should consider

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Reference no: EM131218060

One of the reasons why the Partnership form may be chosen is due to zero income tax liability and payments. In contrast, Corporations are taxed on their income; and then stockholders are taxed on dividends received.

In your discussion post share:

Which business form do you think is more advantageous from a tax perspective and why? Provide at least two reasons to support your opinion.

From a tax planning perspective, what are the possible concerns a partner should consider if the partnership is profitable?

Reference no: EM131218060

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