Choose your entity: corporations vs. partnerships

Battersby, Mark E.
May 2008
Primary Care Optometry News;May2008, Vol. 13 Issue 5, p10
The article focuses on choosing a business entity which will be used by optometrists in operating their practices for tax purposes. It details the significant differences in federal income tax treatment among corporations and partnerships in terms of the amount of taxes paid, amount of paperwork required for the practice, personal liability faced by the principals and the practice's ability to raise money. Options given to optometry practices in the annual tax return were also listed.


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