Chapter 15 Key Terms

Accumulated earnings tax

Articles of incorporation

Articles of organization

C corporations

Certificate of limited partnership

Certificate of organization

Corporation

Disregarded entities

Dividends-received deduction (DRD)

Double taxation

Excess business loss

Flow-through entities

General partnership (GP)

Initial public offering (IPO)

Institutional shareholder

Limited liability company (LLC)

Limited partnership (LP)

Net earnings from self-employment

Net operating loss (NOL)

Partnership agreement

Personal holding companies

Personal holding company tax

Qualified business income (QBI)

S corporation

Single-member LLC

Social security wage base limitation

Sole proprietorship

Specified service trade or business

Unrelated business income