1.Please research the IRS website and provide information on a closely held corporation, a personal holding company, and a personal service corporation. Please provide an example of a type of business that would be suitable for each of business organizations noted above (provide a different example for each type).
2.Please visit the IRS website to research S Corporations. Please describe the advantages and disadvantages of S Corporations and give an example of a type of business suitable to this type of business organization. May corporations be formed as S Corporations? Please explain and include information of “S Corporation Election” in your post.
Please be sure to include at least one APA formatted references for your initial post. Also, please be sure to reference any IRS web addresses used.
