There are different forms of business organizations that are taxed in various ways by the Internal Revenue Code. C corporations, S corporations, and limited liability companies (LLCs) are taxed differently, with implications for the business. The tax treatments can influence the choice of business organization form.

1. There are several forms of business organizations. The Internal
Revenue Code (IRC) taxes different forms in different ways.
The tax implications can sometimes be important enough to
determine the choice of the form.
Based on your readings for the module, respond to the
following:
Describe the tax treatments of regular (or C) corporations, S
corporations, and limited liability companies (LLCs).
Compare the tax treatments to identify the similarities and
differences.
From the organization's point of view, what are the implications
of the different tax treatments?
Write your initial response in 3–4 paragraphs.