An entity must elect to be treated as an S corporation and is limited by the types of owners, which may not exceed 100 shareholders. An S corporation does not pay federal income tax. Under California law, the S corporation is subject to a 1.5 percent tax on its net income and is a conduit similar to a partnership.
Lactose-free milks are the same as regular milk, except for the addition of lactase. Regular milk contains the milk sugar lactose, while lactose-free milk does not. Lactase, an enzyme produced by the stomach, breaks down the milk sugar galactose so you can absorb it. People who have lactose intolerance, a lactase deficiency, have gastrointestinal symptoms when they consume dairy products containing lactose.
Evaporated milk. A type of milk that is unpasteurized whole milk condensed by evaporating 50 to 60 percent of the water content in the milk. Unlike condensed milk which begins with pasteurized milk and is not heat processed, evaporated milk is sterilized through heat treatment and a vacuum process, making it more concentrated than whole milk.