s corporation d7

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An S corporation is considered a flow-through business entity that has the advantages of both the corporation and proprietorship. Prepare two pages for the general rules that govern S corporations. What are some of the operational rules that effect various code provisions on S corporations? Go to www.irs.gov (Links to an external site.) and provide a synopsis of the similarities and differences between S corporations and one other form of business. Make sure your work has references.

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