Examlex
Structural changes resulting from sensitization or habituation may involve
S Corporations
Corporations that elect a special tax status to pass income, losses, deductions, and credit through to their shareholders for federal tax purposes.
Separate Legal Entity
A legal structure that is distinct and independent from its owners, allowing it to own assets, incur liabilities, and enter into contracts.
Shareholders
Individuals or entities that own shares in a corporation, giving them ownership stakes and sometimes rights to dividends and to vote on corporate matters.
Uniform Partnership Act
A set of laws adopted by states that governs the formation, operation, and dissolution of partnerships.
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