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This should be power point presentation about 8-10 slides. It should be a four page double spaced paper on this scenario. Here's the scenario.... Grandpop and Grandma died and left me $25MM to start up a sole proprietorship with a business. One is one of four grandkids that Grandpop and Grandma left $25MM to. I need to set up a Sole Proprietorship with this money. Now, One has to tell why I chose a sole proprietorship instead of a C corp or a partnership. Who has liability and who doesn't. What else can I contribute to the new business. What happens if other new owners or partners come into the business? One has to Show transactions like salaries, dividends, withdrawals, etc. How much tax did they pay? what are their basis in this business? What is taxable and what isn't? Additionally, many years later, as I have matured and started my own family, should one start my own tax planning techniques to save on Federal Estate tax and possibly pass on the business to the next generation. How can I save taxes? The presentation should explain why one chose sole proprietorship as a new business entity. This will include both "tax" reasons and "non-tax" reasons. It should show correct use of balance sheets and income statements that will include appropriate deductions and expenses. It should show Tax Planning Recommendations for my chosen entity. It should have proper use of Estate Tax and Gift Tax Provisions. It should include and reference at least 4 to 5 IRS statutes. I have attached a sample of the GroupProject powerpoint for reference only. My part is the Sole Proprietorship (pages 28-37). I should have a presentation that is similar, but not the same. Works cited should be included. Please see textbook - Prentice Hall's Federal Taxation (Corporation) 2015 for reference.

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