The recession year 1958 found Congress in a mood to "aid and encourage small business" through more favorable tax treatment. The thrust of the ensuing legislation touched in varying degrees the whole life span of a modest enterprise, from organization through liquidation. The focus here, however, will be confined to a consideration of the practical impact of the recent statutory changes on the organizational and ordinary operational phases of such a business.
L. H. Wright & Jerome B. Libin,
Impact of Recent Tax Stimulants on Modest Enterprises,
Mich. L. Rev.
Available at: https://repository.law.umich.edu/mlr/vol57/iss8/2