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Instructions: 3-4 pages, single-spaced, 12 pt

Taxation

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Instructions:

3-4 pages, single-spaced, 12 pt., Times New Roman font with one-inch margins.

Prepare a tax technical memorandum to contrast and compare the use of the following business entities, A C-Corporation, and S-Corporation, an LLC (partnership).

The memo should be drafted for prospective business owners and address the following:

-The differences in how the taxation of the three work, including a comparison table.

-What type of situation, current and future plans, might be appropriate for each of the entities. 

-Current and future benefits/detriments of each type. 

-Significant sources of tax authority that apply to each type of business entity.