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To: Sector Investor who wrote (7938)3/29/1998 11:06:00 PM
From: Dee Jay  Read Replies (2) | Respond to of 42804
 
probably because of the S Corp. status; it's really the same as a sole proprietorship for accounting purposes because there's no double taxation as all income or loss flows through to the stockholders.

The primary reason for incorporating (S or C type) is to avoid the unlimited liability a sole proprietorship or ordinary partnership represents. That's a simplisitc answer because now there are LLCs and other forms of business structure that accomplish the same goals.

This is probably more information than the thread needs on this!

Dee Jay



To: Sector Investor who wrote (7938)3/30/1998 12:13:00 AM
From: Jonathan C. Williams  Respond to of 42804
 
You should be accrual.