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Passed Through
A term often used in finance and taxation to describe income, losses, or tax benefits transferred from one entity to another, such as in a pass-through entity.
Limited Liability Company
A business configuration that combines the beneficial limited liability of a corporation with the pass-through taxation system of partnerships or sole proprietorships.
Taxes
A compulsory financial charge or some other type of levy imposed upon a taxpayer by a governmental organization in order to fund government spending and various public expenditures.
Limited Liability Company
An organizational form blending a corporation's limited liability feature with the pass-through tax benefits of a partnership or sole proprietorship.
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