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.
lactate (third-person singular simple present lactates, present participle lactating, simple past and past participle lactated) (intransitive) To secrete or produce milk; Noun . lactate (plural lactates) Any salt or ester of lactic acid; Derived terms . lactation; Related terms . lactic; lactose; Further reading . lactate in Websterâs Revised Unabridged Dictionary, G. & C. Merriam, 1913; lactate in The Century Dictionary, The Century Co., New York, 1911 âlactateâ at OneLook Dictionary Search