question archive Please research the IRS and provide information on a closely held corporation, a personal holding company, and a personal service corporation
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Please research the IRS and provide information on a closely
held corporation, a personal holding company, and a personal service corporation. Please provide an example of a type of business that would be suitable for each of business organizations noted above (provide a different example for each type).
-Please look at the IRS to research S Corporations. Please describe the advantages and disadvantages of S Corporations and give an example of a type of business suitable to this type of business organization. May corporations be formed as S Corporations? Please explain and include information of "S Corporation Election" in your post.