jgordon4523 jgordon4523

23-04-2024
Business

Answered

What is one tax-related advantage and one tax-related disadvantage of C and S corporations?
1) C Corporation Advantage: Limited Liability; C Corporation Disadvantage: Double Taxation
2) C Corporation Advantage: Ability to Raise Capital; C Corporation Disadvantage: Complex Tax Reporting
3) S Corporation Advantage: Pass-through Taxation; S Corporation Disadvantage: Limitations on Ownership
4) S Corporation Advantage: Avoidance of Self-Employment Taxes; S Corporation Disadvantage: Restrictions on Shareholders

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