Examlex
Synthesis is a learning component that describes:
Incorporated
A business that has been formed into a legal corporation, providing its owners with limited liability.
Limited Liability Company (LLC)
An unincorporated business that is taxed like a partnership, with the members paying personal income taxes, and has the limited liability of a corporation.
Unincorporated
Referring to entities or businesses that have not formed or been recognized as a corporation under law.
Taxed
Subjected to financial charges or levies imposed by a government on income, transactions, or property.
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