A sole proprietorship and a partnership are taxable entities,but a corporation is not.

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A corporation is a taxable entity and is subject to income taxes on its profits. However, the owners of the corporation (shareholders) are not personally taxed on the corporation's profits unless they receive dividends or sell their shares for a profit. In contrast, sole proprietorships and partnerships are considered pass-through entities, where the owners are taxed on the profits of the business as individual income.

A Sole Proprietorship and a Partnership Are Taxable Entities,but a Corporation