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Write a short report explaining the steps for organizing a business in Maryland and summarizing any tax-related information

Entities Question: Visit Maryland States official Web site and review the information there related to forming and operating business entities in Maryland. Write a short report explaining the steps for organizing a business in Maryland and summarizing any tax-related information you found.
Mandatory Question #2:
Partnership Question: Ashlee, Hiroki, Kate, and Albee LLC each own a 25 percent interest in Tally Industries LLC, which generates annual gross receipts of over $10 million. Ashlee, Hiroki, and Kate manage the business, but Albee LLC is a non managing member. Although Tally Industries has historically been profitable, for the last three years losses have been allocated to the members. Given these facts, the members want to know whether Tally Industries can use the cash method of accounting. Why or why not?

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