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Subchapter S
A designation for corporations that meet specific Internal Revenue Code requirements, allowing them to pass income directly to shareholders and avoid double taxation.
Model Business Corporation Act
A model set of laws prepared by the Committee on Corporate Laws of the American Bar Association to standardize and provide a guideline for corporation law.
Small Corporations
Businesses incorporated under the laws of a state that have a limited number of shareholders and meet certain other criteria.
Benefit Corporation
A type of for-profit corporate entity that includes positive impact on society, workers, the community, and the environment in addition to profit as its legally defined goals.
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