Talk About: -Arthur Harris

question 71

Short Answer

Talk about:
-Arthur Harris

---

Definitions:

Compensate

To provide something, typically money, in recognition of loss, suffering, or injury incurred; recompensation.

S Corporation

A form of corporation that meets specific Internal Revenue Code requirements, allowing income to be passed through to shareholders and taxed at individual rates.

Shareholders

People or organizations holding stock in a corporation, granting them specific rights and stakes in the business.

Stock

A type of security that signifies ownership in a corporation and represents a claim on part of the corporation's assets and earnings.