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Self-managed work teams generally:
Passive Income
Income resulting from rental property, limited partnerships, or other enterprises in which a person is not actively involved.
Personal/Rental Property
Property owned by an individual that may be used for personal enjoyment or rented out to generate income.
Flow-Through Entities
Business entities that pass income directly to owners or investors, avoiding corporate income tax.
LLCs
Limited Liability Companies, a flexible form of enterprise that blends elements of partnership and corporate structures.
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