Examlex
The increasing number of virtual teams is partly due to
Corporation By Estoppel
A defective corporation that has conducted business with a third party and therefore cannot deny its status as a corporation to escape liability.
Double Taxation
The imposition of two or more taxes on the same income, asset, or financial transaction, often referring to income taxed both at the corporate level and personally.
Excessive Taxation
Taxing beyond what is fair or reasonable, often perceived as placing undue burden on taxpayers.
S Corporation
A specialized form of corporation in the United States that allows income to be passed through to shareholders for federal tax purposes, avoiding double taxation.
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