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Pass-Through Entity

Pass-Through Entity

  • Term

    Main definition

  • Pass-Through Entity

    A business entity for which there is generally no entity-level income taxation; rather, the entity's owners or partners recognize the income tax burdens and benefits directly (which "pass through" the entity to the owners or partners), whether or not they have received a distribution. The most common pass-through entities are "S" corporations, limited liability companies, limited partnerships, and limited liability partnerships. 

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