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I need help writing 2 pages about this topic. Assume you are the new tax and consultant for a small client, Jon Smith. His consulting practice that he owns 100% and is the only employee of has previously been reported on Schedule C as a proprietorship. You want to advise him about the tax and legal advantages of becoming a Subchapter S corporation. Write a detailed outline of the points you would make with Jon. Discuss both legal and tax advantages.
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