Entities such as partnerships,LLC's,and S Corporations are known as flow-through entities.

Name: Entities such as partnerships,LLC's,and S Corporations are known as flow-through entities.
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Flow-through entities refer to business structures where the entity's income or losses pass through to the owners' personal tax returns. Partnerships, LLC's, and S Corporations fall under this category as opposed to C Corporations, which are taxed separately from their owners.

Entities Such as Partnerships,LLC's,and S Corporations Are Known as Flow-Through