How about a regular ol’ garden variety corporation? The corp itself gets taxed, its employees get taxed, and its shareholders get taxed on their income and/or dividends. This can seriously cut into net profits. But a corp generally protects the personal assets of the shareholders, owners, and employees from debts and other liabilities of the corp. And, deductions, medical plans, savings vehicles, and so forth, can also be somewhat magnified through a corp, all to the benefit of its employees.

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