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What is the term for paper-thin, wasted skin?
Flow-Through Entities
Business entities that pass their income, deductions, and credits down to their owners for tax purposes, avoiding taxation at the corporate level.
LLC's
Stands for Limited Liability Companies, a business structure in the U.S. that offers personal liability protection to its owners but can be taxed as a partnership.
S Corporations
A special designation of corporation that allows income to be taxed only at the shareholder level, avoiding double taxation.
Flow-Through Entities
Entities through which income flows to the owners or investors, avoiding corporate income tax.
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