Strayer ACC317 Assignment 4

Due Week 7 and worth 280 points
Assignment 1: Partnership vs. Corporation
 Using internet websites such as https://www.irs.gov/ or other similar resources
related to partnerships and corporate taxation, complete the following assignment:

 Write a four to five (4-5) page paper in which you:

Compare and contrast the tax rules and treatment applicable to corporations and
partnerships. Indicate the major way in which the tax treatment affects the
shareholders or partners.
Explain at least two (2) reasons why a business owner might opt to become a
partnership over a corporation. Provide support for your rationale.
Imagine that you are a partner in a LLC. Justify why you elected to become a
partnership as opposed to a corporation. Indicate tax rules that influenced your
decision.
Imagine that you are a consultant and make the recommendation that the most
advantageous business structure is a C-corporation. Justify why you would recommend
a Corporation over a Partnership. Indicate tax rules that influenced your decision.
Analyze what a business owner must consider when deciding what type of entity is
best for the goals and vision of the business. Provide at least two (2) examples of
research the owner must perform to ensure the proper election is made. Provide
support for your rationale.
Use at least three (3) quality academic resources in this assignment. Note:
Wikipedia and other Websites do not qualify as academic resources.

Your assignment must follow these formatting requirements:

Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins
on all sides; citations and references must follow APA or school-specific format.
Check with your professor for any additional instructions. Note: Please refer to the
APA template in the course shell for more information on APA style.
Include a cover page containing the title of the assignment, the student’s name, the
professor’s name, the course title, and the date. The cover page and the reference
page are not included in the required assignment page length.

The specific course learning outcomes associated with this assignment are:

Examine the tax rules that are unique to corporations, and the basic concerns
relevant to shareholders and the corporation.
Examine the tax rules and treatment related to partnerships.
Use technology and information resources to research issues in corporate federal
taxation.
Write clearly and concisely about corporate federal taxation using proper writing
mechanics.