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Evaluate the differences between trusts and corporations

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Estate Planning

A. In terms of minimizing tax liability, how would estate planning differ from a partnership to a corporation?

B. For estate planning purposes, what are the advantages of setting your business up as a corporation versus a partnership? Defend your response.

C. Describe Target Corporation's succession plan and whether or not it aligns with the company's vision.

D. Based on your responses, what estate planning strategy would be most effective in minimizing tax liability? Why?

2. Trusts

A. Draw a conclusion about the purpose for Target Corporation's trust based on the research of the company.

B. Why would a small business owner want to set up a trust and how could it be used for estate planning purposes?

C. Evaluate the similarities and differences between trusts and corporations. In an attempt to protect income, which would be most suitable for a company?

Please note that I need an original paper with sources cited and in APA format. The majority of the paper should be original content.

Reference no: EM131817756

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