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This is the third of three milestone assignments that will lead to completion of your course’s final project. In this assignment, you will complete Section IV of the final project. Prepare a Word document that addresses the critical elements below in relation to your chosen company. Answer each question in a substantive way, and defend each of your responses with at least one scholarly source other than your textbook. Pay close attention to the grading rubric in order to make sure you meet the “Proficient” level in each requirement.
Specifically, the following critical elements must be addressed:
IV. Trusts
A. Draw a conclusion about the purpose for the company’s trust based on the research of your company.
B. Why would a small business owner want to set up a trust, and how could it be used for estate planning purposes?
C. Evaluate the similarities and differences between trusts and corporations. In an attempt to protect income, which would be most suitable for a company?
Guidelines for Submission: Your paper must be submitted as a 2- to 3-page Word document (excluding the title and reference pages). Use double spacing, 12-point Times New Roman font, and one-inch margins. For references, you should use at least one outside source other than the textbook. Sources should be cited using the latest APA style guidelines.