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Which business entity should a client choose?

Specifically, the following critical elements must be addressed:

II. Conclusion

A. Compare and contrast the advantages and disadvantages of the sole proprietorship, the partnership, the S corporation, and the C corporation as a tax vehicle that could meet the client’s need for accounting information about the business. Consider providing justification for why the client would not necessarily choose the other business entities.

B. Summarize the alternative involving the possibility of liquidating the business, using rationale based on tax research, codes, and regulations.

C. Summarize the alternative of transferring the business activity, providing justification based on tax research, codes, and regulations.

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