Select a publicly traded company and a publicly traded, large
partnership. Analyze how they are treated for tax purposes.
Describe the differences in taxation of their income, formation,
dissolution, and liquidation, as well as the responsibilities borne
towards creditors and taxing authorities by partners, shareholders,
partnerships, and corporations.
As a CPA in public practice, which type of business organization
would you advise a client to adopt among sole proprietorships,
various forms of partnerships, and various forms of
corporations?
MAKE A...