Week 5 extra credit
“S Corporation Advantages” Please respond to the following:
Review the YouTube video below and respond to the following question. The video identifies tax deductible expenses, lower audit risk, limited liability protection, easy transfer of ownership, credibility, self-employment tax savings and pass-through taxation as S Corporation advantages. Select two of the advantages identified in the video and explain how the identified advantages are more beneficial in an S Corporation than other forms of business.
S Corporation Advantages — 60 Second Business Tip