C-Corp's ease of conversion to another business form?

What will be an ideal response?

Ans: May change to S corp by filing simple tax election; change to LLC can involve tax cost and legal complexity

Business

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Explain the doctrine of federal preemption

What will be an ideal response?

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Business

The legislative branch is charged with interpreting the laws in the course of applying them to particular disputes

Indicate whether the statement is true or false

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Business