Examlex
If we wish to make a generalization that "all S are P," how various should our sample be?
Partner
An individual or entity involved in a business partnership sharing profits, losses, and responsibilities.
Subchapter S Corporation
A form of corporation that meets specific Internal Revenue Code requirements and passes income, losses, deductions, and credits through to shareholders for federal tax purposes.
Alimony
Financial support paid by one ex-spouse to the other after divorce or separation, often mandated by the court.
Tax Ramifications
The effects or consequences that certain financial decisions or business transactions have on an individual's or entity's tax liability.
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