Kresge Building (Augusta, Maine) a multicolor crosshatch brick pattern extends across the building above the second floor. The block was built in 1932, replacing an Italianate building that was a virtual replica of its neighbors. It originally housed S.S. Kresge's, a department store, on the ground floor, with professional offices on the second floor. Since its construction, it has been one of downtown Augusta's most architecturally unusual buildings. Kresge Building (Augusta, Maine) The Kresge Block is a historic commercial building at 241-249 Water Street in downtown Augusta, Maine. Built in 1932 to house a department store, it is a distinctive and rare local example
S corporation have been run as partnerships or sole proprietorships are often run as corporations with a small number of shareholders in order to take advantage of the beneficial features of the corporate form; this is particularly true of firms established prior to the advent of the modern limited liability company. Therefore, taxation of S corporations resembles that of partnerships. Unlike a C corporation, an S corporation is not eligible for a dividends received deduction. Unlike a C corporation, an S corporation is not subject to the 10 percent of taxable income limitation applicable to charitable contribution deductions. A corporation is "eligible"