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A corporation is usually is the best entity to conduct business. It gives owners some degree of protection from liability and it allows the use of more tax planning devises. It is the preferred form of business structure by banks and other financial institutions which have to rely on the business’ financial information especially when considering a loan or line of credit. A corporation also allows more certainty in determining the ownership of the business and the allocation of the earnings of the business through salaries and dividends.
A corporation is usually the best entity to conduct business. It gives owners some degree of protection from liability and it allows the use of more tax planning devises. It is also preferred by banks and other financial institutions.
Meet Joseph Tarantino, CFA Chartered Financial Analyst “Financial advisers with Chartered Financial Analyst (CFA) on their business cards are respected as the highest trained professionals in the industry.” – Forbes Magazine My academic background includes the study of economics at the University of Buffalo and the study of accounting and taxation at the university of …