Generally, corporations are required to pay tax just like "real" people. In some tax systems, this can give rise to so-called double taxation, because first the corporation pays tax on the profit, and then when the corporation distributes its profits to its owners, individuals have to include dividends in their income when they complete their personal tax returns, at which point a second layer of income tax is imposed.
Many businesses are operated through a separate entity such as a corporation or a partnership (either formed with or without limited liability). Most legal jurisdictions allow people to organize such an entity by filing certain charter documents with the relevant Secretary of State or equivalent and complying with certain other ongoing obligations. The relationships and legal rights of shareholders, limited partners, or members are governed partly by the charter documents and partly by the law of the jurisdiction where the entity is organized. Generally speaking, shareholders in a corporation, limited partners in a limited partnership, and members in a limited liability company are shielded from personal liability for the debts and obligations of the entity, which is legally treated as a separate "person". This means that unless there is misconduct, the owner's own possessions are strongly protected in law if the business does not succeed.
This is a considerable benefit in an industry under pressure from rising transportation and raw material costs. — Leslie Patton, The Seattle Times, "Senior citizens are replacing teenagers as fast-food workers," 13 Nov. 2018 Without the cash or food, there were no visible benefits. — Dylan Matthews, Vox, "How a $50-a-year nutrition program cut domestic violence in Bangladesh," 12 Nov. 2018 But new evidence suggests there may still be benefits to getting the vaccine at a later age. — Korin Miller, SELF, "The HPV Vaccine Is Now FDA-Approved for People Over 26: What You Need to Know," 9 Oct. 2018 Some questions, answered: What are the benefits to passengers? — Barbara Peterson, Condé Nast Traveler, "The Future of Biometrics at the Airport," 20 Sep. 2018 Ford might have been in some profession for which publicity is a benefit. — Jennifer Wright, Harper's BAZAAR, "What Do Women Have to Do to Be Believed?," 20 Sep. 2018 There are numerous benefits of breastfeeding for mother and baby alike, such as shedding pregnancy weight and potentially reducing a baby’s risk of contracting certain illnesses. — Madeline Farber, Fox News, "Moms who breastfeed first child for at least 5 months likely to have 'more children overall,' study suggests," 19 Sep. 2018 Brands That Retain Value AptDeco, which launched in 2013, is an online platform that allows you to buy and sell used furniture with a major benefit. — Monique Valeris, ELLE Decor, "An Expert's Top Advice for Selling Furniture Online," 13 Sep. 2018 Protectionist policies can have a short-term benefit, but eventually hurt all parties involved. — Phillip Molnar, sandiegouniontribune.com, "Can the U.S. economy withstand a trade war?," 13 July 2018
It's important to make sure that you get all the help that you're entitled to. These pages give you information on benefits and tax credits if you are working or unemployed, sick or disabled, a parent, a young person, an older person or a veteran. There is also information about council tax and housing costs, national insurance, payment of benefits and problems with benefits.