Continued . . .
10
eBay QuickSteps Making eBay Your Business 219
220 PC QuickSteps Getting to Know Your PC 1 2 3 4 5 6 7 8 9 10
Click Edit Criteria to change how eBay automatically selects which items to display.
Click Save Criteria.
4. Click Apply at the bottom of the Favorite Seller Top Picks page when finished.
QUICKFACTS
UNDERSTANDING BUSINESS
ENTITIES (Continued)
CORPORATION
Corporations are the most expensive entities to create
and maintain (think board meetings, minutes, issuance
of stock, and so on), but can be bought and sold, either
privately or publicly (although this is not really practical
for an S corporation due to a limit on the number of
stockholders), and enjoy some favorable tax treatment.
Corporations are a separate legal entity and generally
shield owners (called shareholders) from personal liability:
??? C corporations are what govern the largest
companies in corporate America. Not generally
associated with small startups, these corporations
are taxed at the entity level, and shareholders are
also individually taxed on dividends.
??? S corporations provide the personal liability
protection of a C corporation, but ???pass through??? the
corporation??™s income to the shareholders??™ personal
tax obligation, avoiding the ???double tax??? issue.
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