User:Dgansman/Choose an Article

Article Selection
Please list articles that you're considering for your Wikipedia assignment below. Begin to critique these articles and find relevant sources.

Option 1

 * Limited Liability Company
 * Article Evaluation:
 * - Information lacking in taxation section. Skeleton of a good taxation section is present, but fine details are not present about the distinctions between S-Corp and C-Corp options. Information is also lacking in the availability of dividend distributions, ideal industries to elect to be taxed up. Article is also noticeably lacking in graphics that could be used to help differentiate between different tax allocations.
 * Sources
 * https://www.bizfilings.com/toolkit/research-topics/incorporating-your-business/s-corporation-vs-c-corporation
 * https://www.nav.com/blog/s-corp-vs-c-corp-whats-the-difference-423709/#:~:text=The%20biggest%20difference%20between%20C,company%20revenue%20as%20personal%20income.

Option 2
How-To-Start-Your-Own-Business


 * Article Evaluation (Wiki-How)
 * This article is very thorough as to every step needed to conceptually create a business plan and take steps in formalizing the idea. It also goes into a few areas of financing for the business. Though this wiki-how is well drawn up as far as basic info is concerned, I think it could use a lot of wiki links to Wikipedia pages with more in depth info about the topics. For example, there is not nearly enough info about financing in the form of selling equity. The section also fails to include entirely legal steps someone should take when starting a business with employment contracts, NDA's, etc..
 * Sources
 * https://www.freshbooks.com/hub/startup/starting-small-business-legal-requirements
 * https://www.mbopartners.com/blog/how-start-small-business/legal-requirements-for-starting-a-small-business/

Option 3

 * C-Corporation
 * Article includes basic relevant information in forming a C-Corperation, but is noticable lacking in the category of S-Corp vs. C-Corp. I think a chart of benefits, shareholders, and tax rates would go a long way in driving home the point. I also think it could be beneficial to do extra research into the different accounting treatments present for both entities, since my major is in accounting and finance. There article overall is much less detailed than the page about S-Corp. Areas lacking include: different treatment by state, State level taxing, commonality of C-Corps, etc..
 * Sources
 * https://www.friedmanllp.com/insights/state-tax-considerations-of-an-s-corporation
 * https://www.journalofaccountancy.com/issues/2011/feb/20103307.html
 * http://www.scorporationsexplained.com/how-do-states-treat-s-corporations.htm