![]() ![]() The companies are ranked by total revenue including their international business. Owners of S-corporations and other pass-through entities (which means profits and losses are passed on to owners and shareholders) including LLCs, sole proprietorships, and partnerships will be able to deduct 20 of business income on their personal tax returns. It is the largest online retailer in the world. The corporate income tax rate for C-corps has been cut from 35 to 21 in the US. Amazon is the second-largest company with total revenue of 386 billion. Wal-Mart is a Retail Company, has Branches around the world. ![]() See the Instructions for Form 2553 PDF for all required information and to determine where to file the form. Walmart is the largest company in the United States and the largest in the world. In order to become an S corporation, the corporation must submit Form 2553, Election by a Small Business Corporation signed by all the shareholders. certain financial institutions, insurance companies, and domestic international sales corporations). The two main legal structures available to entrepreneurs in the United States are limited liability companies (LLCs) and S Corporations (or S Corps.
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