Examlex
________ play a major role in determining what we will become and who we will be.
Double Taxation
The imposition of tax by two or more jurisdictions on the same declared income, asset, or financial transaction.
S Corporation
A type of corporation in the United States that elects to be taxed under Subchapter S of Chapter 1 of the Internal Revenue Code, allowing profits to be passed directly to shareholders and avoid double taxation.
Promoters
Individuals or entities that take the initiative in founding and organizing a business or corporation, often responsible for its early management and securing of initial capital.
Incorporation Process
The legal procedure through which a business entity is formed and recognized as a corporation under the law, providing it with certain legal rights and protections.
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