Examlex
Treasury stock accounts for the difference between:
Double Taxation
The imposition of tax by two or more jurisdictions on the same declared income, asset, or financial transaction.
S Corporation
A type of corporation in the United States that elects to be taxed under Subchapter S of Chapter 1 of the Internal Revenue Code, allowing profits to be passed directly to shareholders and avoid double taxation.
Promoters
Individuals or entities that take the initiative in founding and organizing a business or corporation, often responsible for its early management and securing of initial capital.
Incorporation Process
The legal procedure through which a business entity is formed and recognized as a corporation under the law, providing it with certain legal rights and protections.
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