When considering the tax impact during entity formation iden

When considering the tax impact during entity formation identify the single most important tax factor influencing your decision in the choice of entity.

Solution

The single most important factor for determining the form of entity would be the rate of taxation and applicable tax laws by which the entity would be governed. Moreover it\'s not only the tax rate but also the underlying paperwork and other procedural formalities which one needs to keep in mind while choosing the form of entity