The Choice of a Flow-Through Entity for a Closely Held

question 38

Short Answer

The choice of a flow-through entity for a closely held corporation often is between a(n) (a Federal tax entity) and a(n) (a state tax entity).

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Definitions:

Selective Gene Expression

This describes the process by which certain genes are activated to produce a specific set of proteins in different cell types, conditions, or stages of development.

Cell Differentiation

The process by which a less specialized cell becomes a more specialized cell type, crucial in development and specialization of functions.

Embryo

In animals, a developing individual from first cleavage until hatching or birth; in humans, usually refers to an individual during weeks 2 to 8 of development.

Human Motivation

The psychological forces that determine the direction of a person's behavior in an organization, a person's level of effort, and a person's level of persistence.