ACC 561 Week 2 Assignment, Small Business Analysis

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ACC 561 Week 2 Assignment: The four legal categories of business consist of: sole proprietorship, partnership, S-Corporation, and C-Corporation. Each form of business has diverse benefits and drawbacks. The tax, legal, and accounting inferences also fluctuates from one style of business to another. Determining which structure is suitable for a business contributes to compounding aspects. Such as procedures, incidentals, risk, liabilities, earnings, tax, and stock necessities. It is vital to recognize the stages of personal accountability, control, and tax requirements before determining what form of structure to use to launch a business………acc 561 week 2 assignment