Examlex
To sign the back of a check with the name of the company and "Pay to any bank" is an example of a
Partnership
A lawful business structure operated by two or more people, who are both responsible for managing the business and sharing its earnings.
S Corporation
A special type of corporation in the United States that meets specific Internal Revenue Service criteria and elects to be taxed as a pass-through entity, avoiding double taxation on corporate income.
Shareholders
Individuals or entities that own shares in a corporation, giving them partial ownership and a stake in the company's profits and decision-making.
Limited Partnership
A business partnership where at least one partner has unlimited liability and one or more partners have limited liability, only responsible for the money they have invested.
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