Partnership vs. Corporation

1.Compare and contrast the tax rules and treatment applicable to corporations and partnerships. Indicate the major way in which the tax treatment affects the shareholders or partners. 2.Explain reasons why a business owner might opt to become a partnership over a corporation. Provide support for your rationale. 3.Imagine that you are a consultant and make the recommendation that the most advantageous business structure is a C-corporation. Justify why you would recommend a Corporation over a Partnership. Indicate tax rules that influenced your decision.. 4.Analyze what a business owner must consider when deciding what type of entity is best for the goals and vision of the business. Provide examples of research the owner must perform to ensure the proper election is made. Provide support for your rationale.