Respond to the following question in your textbook: Chapter 6

 

Respond to the following question in your textbook: Chapter 6 Question C:6-3: Explain why tax advisors caution people who are starting a new business that the tax costs of incorporating a business may be low while the tax costs of liquidating a business may be high. Additionally, provide examples of both costs associated with startup and liquidation. Solid academic writing is expected and any sources used should be cited. Participate in follow-up discussion by adding an example to your classmates’ post regarding both startup and liquidating costs.