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What Route of Administration Is the Easiest,but Is Often Slower

question 13

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What route of administration is the easiest,but is often slower than other routes?


Definitions:

Partnership

A legal form of business operation between two or more individuals who share management and profits.

Form 1120S

A U.S. tax form used by S corporations to report their income, losses, dividends, and other financial information to the IRS.

Service Company

A business that earns revenue through providing services as opposed to selling physical goods.

Transactions

Financial activities that involve the exchange of assets, goods, services, or funds between parties.

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