pass-through entity
noun
US law
: a business entity (such as a sole proprietorship, partnership, or S corporation) whose income is taxed as the owner's personal income at the individual rate rather than as business income for federal income taxes
a law that provides tax breaks to pass-through entities
called also flow-through entity, pass-through
Dictionary Entries Near pass-through entity
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“Pass-through entity.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/pass-through%20entity. Accessed 29 Nov. 2024.
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