Federal Income Tax: Partnership vs Corporation Essay

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You must write a “report” of 1.5 pages, single spaced (minimum)
and 3 pages, single-spaced (maximum) – be precise – covering the following points:

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(1) identify the concept “partnership vs corporation”

(2) explain the concept – what are the pros and cons to starting a partnership and pros and cons in starting a corporation (tax wise)

(3) provide an example of its application

(4) explain WHY the concept is interesting

You must write the “report” as if you were explaining the concept to a client or
stranger who has NO PRIOR knowledge of the concept. This is a test of your
understanding of a concept and the ability to explain it. This is a way to demonstrate
one or more of the course outcomes. It MUST be your work.

Since this is to be presented in your words, you will not use any other person’s work.
No cut & paste. Also, other than referencing an Internal Revenue Code section, case
name, etc., only cite the section, etc.. AND be precise, get to the point – do not write a
lengthy intro for word count.


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