Business entity assumption, sometimes referred to as separate entity assumption or the economic entity concept, is an accounting principal that states that the financial records of any business ...

A disregarded entity is a single-owner business entity that is “disregarded” by the Internal Revenue Service (IRS) for tax purposes. Learn more here.

Business entities are generally categorized as either formal entities or informal entities. Formal entities must be registered with the state to be created, while informal entities do not.

A business entity is the legal structure you choose for your business. This decision affects how you can raise capital for your business, how much you pay in taxes, ...

A corporation is a legal business entity that is considered distinct from its owners and has many of the same rights and responsibilities as an individual.

If the underlying business of the corporation would qualify for the 20 percent qualified business income deduction of I.R.C. §199A, what’s the differential between the corporate tax rate of 21 ...

In a merger, two companies combine to become a single business entity. Sometimes, two companies of similar size come together, like Exxon-Mobil.