S corporations, in theory, blend the best features of partnerships and corporations

| September 1, 2016

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S corporations, in theory, blend the best features of partnerships and corporations.

Please respond to all of the following prompts:

Why elect to form an S corporation over a C corporation? Will the ownership and/or type of business make a difference on the decision? Can an S corporation convert to a C corporation?
If it were permitted, why would such a conversion be done, and when would be an appropriate time?
Scoring will be based on the relevance of your discussion to the topic.

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