A Very Good Taxes - Part 1: Difference between revisions

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Latest revision as of 06:27, 11 September 2026

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The most typical form of legal entity is the business. There are two basic forms, C Corp and S Corp. A C Corp pays tax produced from its profit for the year and then any dividends paid to shareholders likewise taxed. Hence the term double-taxation. An S Corp however works differently. The S Corp pays no tax on profits.

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