Clara and larry allen are going to operate their bakery, Ask an Expert

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Clara and Larry Allen are going to operate their bakery shop as a Partnership or as an S Corporation. After paying salaries of $45,000 to each of the owners, the bakery shop's net earnings are projected to be about $60,000 annually. The net earnings of the business are to be invested in the growth of the business.

Prepare a memo identifying as to which of the two (2) entity forms that Clara and Larry should select (considering both Tax and Nontax Factors).

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M960210

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