This assignment focuses on LLC Vs CORPORATION. There is also a description of business law course. So, how can this information you have researched help you in a future business situation or transaction

LLC Vs CORPORATION-business law course

Research paper on LLC Vs CORPORATION for a business law course. Introduction -A summary of what the topic is and how it relates to business -Application of the topic to business situations and/or business dealings. How can this information you have researched help you in a future business situation or transaction. What have you learned from this research. Conclusion —-MUST include 3 sources sources should  cited within each paragraph to validate where you obtained the information within your paper ike a C corporation.  An S corporation is generally a corporation under the law of the state in which the entity is organized.

LLC Vs CORPORATION-business law course

For federal income tax purposes, however, taxation of S corporations resembles that of partnerships. Thus, income  taxed at the shareholder level and not at the corporate level. Payments to S shareholders by the corporation are distributed tax-free to the extent that the distributed earnings were not previously taxed. Also, certain corporate penalty taxes (e.g., accumulated earnings tax, personal holding company tax) . And the alternative minimum tax do not apply to an S corporation.The corporation may be a business, a nonprofit organization, a sports club, or a government of a new city or town. Even though corporations are not people, they by the law to have rights and responsibilities like natural persons under the law.

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