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When is sole proprietorship form more advantageous

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Question 1. A stockholder of a corporation owning 40% of outstanding shares has decided to migrate to another country. He wrote the President that the corporation should be dissolved in order that the assets could be sold at market value and the process paid to him in proportion to his investment. Comment.

Question 2. In terms of income taxes, when is sole proprietorship form more advantageous than the corporate or partnership form?

Reference no: EM132678204

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