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A corporation is a business that pays federal income tax and is a separate legal entity from the individuals who operate it. This means that the corporation can own assets, incur liabilities, and enter into contracts independently of its owners or shareholders. As a distinct legal entity, a corporation provides limited liability protection to its owners, meaning their personal assets are generally shielded from business debts and liabilities.

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Which is a business that pays a federal income tax and has a separate legal entity from the persons who operate it?

C corporation.


What is a business that pays a federal income tax and has a separate legal entity from the persons who operate it?

A corporation is a business that pays federal income tax and has a separate legal entity from the individuals who operate it. This means that the corporation itself is responsible for its debts and liabilities, protecting the personal assets of its shareholders. Unlike sole proprietorships or partnerships, a corporation can continue to exist independently of its owners' involvement. Additionally, corporations must adhere to specific regulatory requirements and governance structures.


What is business that pays a federal income tax and has a separate legal entity from the persons who operate it?

A business that pays federal income tax and has a separate legal entity from the individuals who operate it is typically a corporation. Corporations are legally recognized as distinct entities, meaning they can own assets, incur liabilities, and enter contracts independent of their owners (shareholders). This separation also means that corporations themselves are responsible for paying taxes on their profits, rather than the profits being taxed at the individual level. Examples of corporations include C corporations and S corporations, each with different tax regulations and implications.


Which of these is a description of allowances?

special circumstances that reduce a persons federal tax bill


What percentage of federal income taxes are paid by persons making more than 250000?

43.6

Related Questions

Which is a business that pays a federal income tax and has a separate legal entity from the persons who operate it?

C corporation.


What represents business that have a specific legal identity separate from the identity of the person or persons who operate the business?

corporations


Businesses that have a specific legal identity separate from the identity of the person or persons who operate the business?

corporations


What represents businesses that have a specific legal identity separate from the identity of the person or persons who operate the business?

corporations


Represents businesses that have a specific legal identity separate from the identity of the person or persons who operate the business?

corporations


What is a business that pays a federal income tax and has a separate legal entity from the persons who operate it?

A corporation is a business that pays federal income tax and has a separate legal entity from the individuals who operate it. This means that the corporation itself is responsible for its debts and liabilities, protecting the personal assets of its shareholders. Unlike sole proprietorships or partnerships, a corporation can continue to exist independently of its owners' involvement. Additionally, corporations must adhere to specific regulatory requirements and governance structures.


What is business that pays a federal income tax and has a separate legal entity from the persons who operate it?

A business that pays federal income tax and has a separate legal entity from the individuals who operate it is typically a corporation. Corporations are legally recognized as distinct entities, meaning they can own assets, incur liabilities, and enter contracts independent of their owners (shareholders). This separation also means that corporations themselves are responsible for paying taxes on their profits, rather than the profits being taxed at the individual level. Examples of corporations include C corporations and S corporations, each with different tax regulations and implications.


How are corporations different from sole proprietorship's?

they have a specific legal idenity speratre from the idernity


Is the business responsible if they are letting an unlicensed driver operate a company vehicle?

Yes. The company should be checking the validity of a persons drivers license before letting them drive any motor vehicle.


What federal legislation allows federal judges to deny bail to persons who are thought to be dangerous?

1984 Federal Bail Reform Act


What is business relationships?

business relationships are the thing that 2 or more persons works on


Can a persons soul be an angel from your past life?

A persons soul is an integrel part of the individual. An angel is a separate entity. So the answer is no