Examlex
In general, it is expected that__________ .
Co-own
To have joint ownership or share the possession of a property or item with one or more parties.
Voluntary Association
An organization created by individuals who voluntarily unite to pursue a common interest or goal without necessarily seeking profit.
Business Profit
The financial gain realized when the revenue generated from business activities exceeds the expenses, taxes, and costs associated with sustaining the business operations.
S Corporations
Corporations that elect a special tax status to pass income, losses, deductions, and credit through to their shareholders for federal tax purposes.
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