A hybrid business entity formation providing the advantage of legal protection similar to a corporation and the financial and associated tax advantages of a partnership is called a Limited Liability Corporation or LLC for short.

Profit Shifting in Small Business – Internal Shifting

Profit shifting in business is a term with two different interpretations. The more modern use of profit shifting refers to large multinational U.S. based companies shifting their respective profits to other nations with a friendlier and lower income tax rates. This article is written to explain the older and more traditional meaning of profit shifting specifically as it relates to small business.

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