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18-10.When the developer puts up only a portion of the sales price and agrees to pay the balance when the property is developed and sold it is a(n) :
S-corp
A specific designation for a corporation that allows income, losses, deductions, and credits to be passed through to shareholders for federal tax purposes, avoiding double taxation.
Double Taxation
The financial imposition where income taxes are paid twice on the same source of earned income, often in the context of corporate profits taxed both at the corporate level and again when distributed as dividends.
Independent Contractors
Workers who provide services to a business under terms specified in a contract, rather than as employees.
Licensing
A process where a company allows another to use its intellectual property or technology in exchange for a fee or royalty.
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