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A corporation could be taxed as a C-corporation (C-corp) or an S-corporation (S-corp). S-corp status presents pass-through taxation to small companies that meet sure IRS requirements. Larger corporations and startups hoping to attract enterprise capital are normally taxed as C-corps. Some specialised companies may require licenses, both due to legal guidelines governing entry into certain trades, occupations or professions, that require special education or to raise revenue for local governments. Professions that require special licenses embody legislation, medication, piloting aircraft, promoting liquor, radio broadcasting, selling funding securities, promoting used vehicles, and roofing. Local jurisdictions may also require particular licenses and…