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t. e. An S corporation (or S Corp), for United States federal income tax, is a closely held corporation (or, in some cases, a limited liability company (LLC) or a partnership) that makes a valid election to be taxed under Subchapter S of Chapter 1 of the Internal Revenue Code. [ 1] In general, S corporations do not pay any income taxes.
There are many types of business entities defined in the legal systems of various countries. These include corporations, cooperatives, partnerships, sole traders, limited liability companies and other specifically permitted and labelled types of entities. The specific rules vary by country and by state or province.
Subsidiary. A subsidiary, subsidiary company or daughter company[ 1][ 2][ 3] is a company owned or controlled by another company, which is called the parent company or holding company, which has legal and financial control over the company. [ 4][ 5] Two or more subsidiaries that either belong to the same parent company or having a same ...
Corporate title. Corporate titles or business titles are given to corporate officers to show what duties and responsibilities they have in the organization. Such titles are used by publicly and privately held for-profit corporations, cooperatives, non-profit organizations, educational institutions, partnerships, and sole proprietorships that ...
A C corporation is distinguished from an S corporation, which generally is not taxed separately. Many companies, including most major corporations, are treated as C corporations for U.S. federal income tax purposes. C corporations and S corporations both enjoy limited liability, but only C corporations are subject to corporate income taxation. [1]
v. t. e. A conglomerate ( / kəŋˈɡlɒmərət /) is a type of multi-industry company that consists of several different and unrelated business entities that operate in various industries under one corporate group. [ 1] A conglomerate usually has a parent company that owns and controls many subsidiaries, which are legally independent but ...
501 (c) (3) organization. A 501 (c) (3) organization is a United States corporation, trust, unincorporated association or other type of organization exempt from federal income tax under section 501 (c) (3) of Title 26 of the United States Code. It is one of the 29 types of 501 (c) nonprofit organizations [ 1] in the US.
PATRICK WHITTLE and HOLLY RAMER. August 7, 2024 at 3:52 PM. The family of a French explorer who died in a submersible implosion has filed a more than $50 million lawsuit, saying the crew ...
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