Examlex
Explain why satellite TV service is a club good.
Dividends
Payments made by a corporation to its shareholders from the company's profits or reserves.
Corporate Penalty Taxation
The imposition of taxes on corporations for violating laws or regulations, distinct from regular taxation on profits.
Closely Held Corporation
A business corporation that is owned by a small number of shareholders; its shares are not publicly traded.
Limited Liability
is a legal structure where the owners' personal liability is restricted to the amount they invested in the business, protecting personal assets from business debts and obligations.
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