09 May EXPLAIN THE FORMATION OF THE C CORPORATION AND WHY IT WOULD BE USED VS A LLC OR AN S CORPORATION.
Please explain why a business or company would start a business using a C Corp vs and LLC or an S Corp. Please Explain the formation of the C Corporation and why it would be used vs a LLC or an S Corporation. Please explain the advantages of the C Corporation over an LLC or an S Corporation. They please talk about the operation of the C Corporation how the business would run and then how distributions would be taken out of the business for example the 80% tax rule. Also talk about the advantages of the C Corporation over the LLC and the S corporation. Also explain why a C Corporation would want to change to an S Corporation and if there are any tax advantages. Ideally it would be in a table format to be used for comparison purposes.
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