Examlex
Most U.S.financial crises have started during periods of ________ either after the start of a recession or a stock market crash.
LLC
An abbreviation for Limited Liability Company, a business structure that combines the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation.
Tax Purposes
The specific reasons or objectives for which tax-related decisions are made, including the filing of returns, claiming deductions, and planning strategies to minimize tax liabilities.
C Corporation
A corporate structure where the owners or shareholders are taxed separately from the entity, which itself is taxed on its earnings.
S Corporation
A type of corporation that meets specific Internal Revenue Code requirements, allowing profits, and some losses, to be passed directly to owners' personal income without being subject to corporate tax rates.
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