Examlex
Which of the following statements is true?
Mutual Fund
An investment program funded by shareholders that trades in diversified holdings and is professionally managed.
C Corporations
A legal structure for a corporation in which the owners, or shareholders, are taxed separately from the entity.
Unlimited Life
Refers to corporations or legal entities that continue to exist indefinitely until dissolution, unlike natural persons who have a finite lifespan.
Double Taxation
The imposition of taxes on the same income, asset, or financial transaction at two different levels of government.
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