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S Corporation
A form of corporation that meets specific Internal Revenue Code requirements, allowing income to be passed through to shareholders and taxed at individual rates.
Shareholders
People or organizations holding stock in a corporation, granting them specific rights and stakes in the business.
Stock
A type of security that signifies ownership in a corporation and represents a claim on part of the corporation's assets and earnings.
Family and Medical Leave Act (FMLA)
A U.S. federal law requiring covered employers to provide employees job-protected and unpaid leave for qualified medical and family reasons.
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