1. If corporations face tax disadvantages relative to partnerships, why might we continue to observe the corporate form, especially for large public businesses? 2. Compare and contrast the S...

1. If corporations face tax disadvantages relative to partnerships, why might we continue to observe the corporate form, especially for large public businesses?

2. Compare and contrast the S corporation, the general partnership, and the limited liability company.

 3. Give five examples of organizational forms used to produce goods and services. What tax characteristics distinguish one from the other?

 4. What is the effect of dividend imputation on r*c, the required after-corporate-tax—but before shareholder-level-tax rate of return? What is the effect of dividend imputation on r*c as k (the percentage of dividends that are franked) declines towards zero?