preview

Case Study: Bill And Darlene

Satisfactory Essays

I imagine that Bill and Darlene are very concerned because the type of business form has to assume and they are very legitimate. Bill and Darlene, after analyzing the financial points to start a business that allows if in case gave the estimated loss for the first two or three years and let them quiet that their personal assets are safe of these possible losses. S corporation is very special type of corporation that created from IRS tax election. This S Corporation can definitely avoid double taxation and use losses to offset income from other income. S corporation is not required to pay tax about the income. So I would recommend the following: Start an S corporation as this can allow to leave their personal assets are safe under a limited

Get Access