Examlex
Which of the following is true of grand juries?
FMV
Fair Market Value; an estimate of the market value of an asset, based on what a willing buyer would pay to a willing seller.
Subchapter S Corporation
A type of corporation that meets specific Internal Revenue Code requirements, offering the benefits of limited liability of a corporation but is taxed as a pass-through entity.
Taxed
Subject to taxation by governmental authority, involving the imposition of financial charges on individual or corporate income, property, goods, services, or transactions.
Partnership
A business organization where two or more individuals manage and operate a business in accordance with the terms and objectives set out in a Partnership Agreement.
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