Examlex
Which of the following is a similarity between federal and state courts?
Secretary of the State
A high-ranking official typically responsible for keeping public records, administering elections, and managing the affairs of the state government.
S Corporation
A special form of corporation in the United States that allows for the income, losses, deductions, and credits to be passed directly to shareholders to avoid double taxation.
LLC
A Limited Liability Company, a business structure that combines the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation.
Double Taxed
The imposition of two or more taxes on the same income, asset, or financial transaction.
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