Examlex
Compare and contrast characteristics of groups and teams.
Double Taxation
The taxation of the same income or financial transaction at two different levels, such as corporate profits and then again as dividends to shareholders.
Corporation
A corporation is a legal entity that is separate and distinct from its owners, offering limited liability protection to its shareholders, and is capable of owning property, entering into contracts, and being taxed.
Income Taxes
Taxes imposed by the government on the income earned by individuals and corporations.
Partnerships
A business structure 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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