Think back to your previous discussion post about saving up $50,000 to set up a new business in your trade or profession. Using what you have learned, write a discussion post of no more than 250 words answering the following questions:
1. What are the tax implications for the business structure that you chose?
2. Given what you have learned in this course, would you still choose that same business structure? Why?
3. Write your response to the discussion board under this topic Tax Implications. Use your name (first and last) as the subject header.
4. Reply to the post of at least one of your classmates. Your reply should be no more than 150 words.
Criteria
A strong understanding is demonstrated of the characteristics of various business structures and their pros and cons for tax purposes.
The reconsidered recommendation is logical, well-presented and based upon correct information.
