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2. S corporation - Wikipedia

   en.wikipedia.org/wiki/S_corporation

   An S corporation (or S Corp), for United States federal income tax, is a closely held corporation (or, in some cases, a limited liability company (LLC) or a partnership) that makes a valid election to be taxed under Subchapter S of Chapter 1 of the Internal Revenue Code. [1] In general, S corporations do not pay any income taxes.

3. Low-profit limited liability company - Wikipedia

   en.wikipedia.org/wiki/Low-profit_limited...

   Cons The IRS has yet to officially confirm that all L3Cs qualify for PRIs. [5] Thus, some foundations are hesitant to make financial commitments to L3Cs. To verify a firm can receive PRIs, L3Cs can obtain a Private Letter Ruling (PLR) from the IRS which verifies the firm's status as being an acceptable recipient of PRIs. [1]

4. Limited liability company - Wikipedia

   en.wikipedia.org/wiki/Limited_liability_company

   It combines the simplicity and flexibility of an LLC with the tax benefits of an S-corporation (self-employment tax savings). [28] Some legal scholars argue that corporate income taxes are intended to limit the power of corporations and to offset the legal benefits corporations enjoy, such as limited liability for their investors. [29]

5. 11 Business Loans: Weighing the Pros & Cons for Your ... - AOL

   www.aol.com/11-business-loans-weighing-pros...

   1. Term Loan. A term loan is a type of traditional business loan where you borrow a lump sum—typically between $1,000 and $500,000—and repay it over a fixed period, usually between 1 to 5 years.

6. Savings rates are falling, but you can still get a great ...

   www.aol.com/finance/savings-rates-falling-still...

   Pros and cons of a high-yield savings account The advantages of a high-yield savings account make them a key part of your financial game plan: Higher APYs than conventional savings accounts

7. What’s a Defined Benefit Plan? Pros, Cons and How It ... - AOL

   www.aol.com/defined-benefit-plan-pros-cons...

   A’s annual pension would be calculated as follows: 25 x 2% x $125,000, resulting in $62,500. Defined Benefit Plan vs. Defined Contribution Plan Most are familiar with defined contribution plans ...