S Corporation Memo

May 8, 2023

S Corporation Memo. Part II – S Corporation Memo (100 points total).Jones and Turner are interested in possibly changing the structure of their business to an S Corporation and would like to know more about this entity. They are excited by the fact that the S Corporation is a “flow through entity” and the fact that they don’t pay income tax.
They also heard that if they pay themselves dividends as S Corporation shareholders, they won’t have to pay any Social Security or Medicare tax (payroll taxes).Prepare a memorandum for the business owners using a minimum of 800 words explaining the following;© 2023  BrainyEssays.com

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