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In: Accounting

Please research the IRS website and provide information on a closely held corporation, a personal holding...

  1. Please research the IRS website and provide information on a closely held corporation, a personal holding company, and a personal service corporation. Please provide an example of a type of business that would be suitable for each of business organizations noted above (provide a different example for each type).

  2. Please visit the IRS website to research S Corporations. Please describe the advantages and disadvantages of S Corporations and give an example of a type of business suitable to this type of business organization. May corporations be formed as S Corporations? Please explain and include information of "S Corporation Election" in your post.

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ekkarill92 answered 1 year ago
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