You are considering setting up a business as an S corporation. What are some of the advantages to this type of business form?
A. Double taxation, unlimited liability, and it requires more initial paperwork to establish the business.
B. Owners of a C Corporation are not held personally liable. Owners of an S Corporation are personally liable for the business.
C. Business expense tax credits, tax savings, and that the business has an independent life from its shareholders.
Ans: C. Business expense tax credits, tax savings, and that the business has an independent life from its shareholders.
Business
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