Examlex
Explain the term "service recovery".
Limited Liability Company
A corporate framework that merges the tax benefits of a sole proprietorship or partnership with the protective limited liability found in a corporation.
Sole Proprietor
The single person at the head of a sole proprietorship.
Cooperatives
A business organization owned and operated by a group of individuals for their mutual benefit.
S Corporation
A special designation for a corporation that elects to be taxed as a pass-through entity, avoiding double taxation on the corporate income.
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