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Top Questions and Answers
However, Michigan does not adopt the federal income tax treatment for purposes of the Michigan business tax and the former single business tax. S corporations are subject to the MBT and the former SBT; they are treated in the same manner as other corporations.
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Thinking about business entities might seem overwhelming but the good news is they're kind of like ice cream the options may seem infinite but you can just about always find the right flavor for everyone so what are business entities exactly basically entities or types are how you want to structure your business especially in terms of Who's involved and
Can invest how you want to be taxed and how liability works the case the business gets sued figuring out the right entity is an important step towards making your business official and successful corporations are used by businesses to protect owners and employees from personal liability the most common flavors are the C Corp and the S Corp which
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