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List three non-tax considerations partnerships may want to consider when choosing between a general partnership and...


List three non-tax considerations partnerships may want to consider when choosing between a general partnership and C-corporation?

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Answer #1

Following are the non tax considerations :

Timeline and Ease of Formation : Timeline and Ease of formation help to Choose Between Two, Whether any filing is required at any leval for formation. Coporation takes more time as compare to partnership formation.

Cost of Fomation : Cost of Formation is also relevent factor from deciding both of them

Contine Running Compliance : There are lot of compliance which need to comply whether you start business or not . That we need to see with each model.

Any Restriction on Liability : That is also main deciding factor to select structure of any buisness orgabization.

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