A(n)________ is organized to operate like a corporation but is taxed like a partnership.

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An S-corporation is a type of corporation that is organized to operate like a traditional corporation but is taxed like a partnership. This means that the company's income, deductions, and credits flow through to the shareholders, who report this information on their personal tax returns. This avoids the double taxation that can occur with traditional corporations, where the company pays taxes on its profits and then shareholders pay taxes on the dividends they receive.

A(n)________ Is Organized to Operate Like a Corporation but Is