Examlex
Differentiate between the main types of corporate-level strategies.
S Corporation
A type of corporation that meets specific Internal Revenue Code requirements, allowing profits to be passed directly to shareholders and avoid double taxation.
Delaware
A U.S. state known for having favorable corporate laws, making it a popular jurisdiction for forming corporations.
Partnership
A voluntary association between two or more people who co-own a business for profit.
Share Classes
Categories of stock in a company, each with different rights, privileges, and restrictions.
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