Explain the differences in taxing of four different types of organizations.

Each type of business entity is affected by taxation. However, tax rates vary among the many different types of company structures, such as traditional C corporations, S Corporations, partnerships, and LLC. For example, corporations are generally taxed at higher tax rates than sole proprietors.

Respond to the following in a minimum of 450 words: 

• Explain the differences in taxing of four different types of organizations. (200 words)
• If you were going into business and had a choice of business structures to select from that would minimize your taxes, while yielding the highest profits, which would you choose and why? (250 words)

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