S corporations offer the tax benefits of pass-through entities like partnerships and sole proprietorships. This means the business itself generally doesn't pay income taxes. Instead, profits and ...

A special form of corporation that allows the protection of limited liability but direct flow-through of profits and losses The S corporation is often more attractive to small-business owners than ...

For example, in addition to the legal reasons above, shell corporations act as tax avoidance vehicles for legitimate businesses, as is the case with Apple's corporate entities based in the United ...