As Congress begins to digest President Obama’s proposals for changes in how to tax the foreign earnings of U.S. multinational companies, a brief refresher on business structure might be useful.
The online accounting education site Accounting Degree Review recently created an infographic on “How Business Structure Affects Taxes,” comparing the benefits and requirements of various entity types such as sole proprietorships, partnerships, C corporations, S corporations, LLCs and cooperatives.
You can check it out
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