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New On AllBusiness
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Working Backwards to Create a Great Customer Experience
Want to turn your customers into committed partners? John Jantsch explains how.
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10 Inspiring Small Business Office Views
These 10 business owners enjoy awesome views the rest of us can only dream of.
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Your Credit Score: You Ain't Seen Nothin' Yet
The emerging "super credit score" and what it means for your ability to borrow.
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Consumer Electronics Show Means Business
There's no such thing as "consumer" electronics anymore, reports Harry McCracken from CES 2012.
Business Glossary
- under Internal Revenue Code section 1244, corporation that enables shareholders to claim an ordinary loss (rather than a capital loss).
subchapter s corporation For legal purposes, an S corporation is no different than other corporations. For tax purposes, however, an S corporation is apartnership . That is, corporate income and losses pass through the shareholders' individual tax returns. To qualify as an S corporation, a company must meet the following requirements: (1) it cannot have more than 35 shareholders; (2) it cannot have more than one class of stock; (3) it cannot have any nonresident foreigners as shareholders; and (4) it must properly elect S corporation status.

