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.
Get the facts: what is lactose intolerance? Lactose is the primary sugar found in dairy products. Lactase is an enzyme your body produces to help you digest that sugar. If you donât have enough lactase, you might experience gas, bloating, cramps, or diarrhea after you eat dairy products. Thatâs called being lactose-intolerant.