The book provides an overview of the types of taxes that can affect businesses and their shareholders, particularly the structures of income taxation for partnerships and corporations from their formation to liquidation. The aim is to raise awareness of the tax implications of business decisions. The authors have summarized the basics of corporate taxation to present them in a compact and easily understandable manner for beginners—whether in training for the intermediate service of the tax administration, in undergraduate studies for the higher service, or in a bachelor's program. The new edition reflects the legal status as of 2018.