Corporations enjoy significant tax benefits when compared to sole proprietorships or partnerships.

Name: Corporations enjoy significant tax benefits when compared to sole proprietorships or partnerships.
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Corporations often face double taxation, where the corporation's profits are taxed, and then dividends paid to shareholders are taxed again at the individual level, unlike sole proprietorships or partnerships where income is taxed once at the individual owner's or partners' tax rates.

Corporations Enjoy Significant Tax Benefits When Compared to Sole Proprietorships