- Description
FIN 571 Wk 5 Discussion – Taxing and Business Structures
Post a total of 3 substantive responses over 2 separate days for full participation. This includes your initial post and 2 replies to other students.
Due Thursday
Each type of business entity is affected by taxation. However, tax rates vary among the many different types of company structures, such as traditional C corporations, S Corporations, partnerships, and LLC. For example, corporations are generally taxed at higher tax rates than sole proprietors.
Respond to the following in a minimum of 175 words:
Explain the differences in taxing of four different types of organizations.
If you were going into business and had a choice of business structures to select from that would minimize your taxes, while yielding the highest profits, which would you choose and why?
Due Monday
Reply to at least 2 of your classmates. Be constructive and professional in your responses.