Discuss Whether a C Corporation, a Partnership, or an S

question 1003

Essay

Discuss whether a C corporation, a partnership, or an S corporation form of organization would be preferred if net operating losses are anticipated in the initial years of operation.

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Definitions:

Discriminate

To treat someone differently or less favorably on the basis of certain characteristics, such as race, age, or gender, often in a way that is unfair or illegal.

Ex Post Facto

A law that retroactively changes the legal consequences or status of actions that were committed before the enactment of the law.

Rights Warning

Typically refers to the Miranda warning, a notification given by police in the U.S. to criminal suspects in police custody, advising them of their right to silence and legal counsel.

Reasonableness

A standard of fairness and rational behavior expected in legal and contractual relationships.