Look-Through Company (LTC)

A small company where the owners are taxed on the company’s income as though it flows straight through to them.
Large companies have a few more steps involved in determining who gets taxed on the profit made.
Example:
A family-run business earns $100k profit — that money goes straight to the owners’ tax returns. Transparent, but not a loophole paradise.
Visual idea: A company icon dissolving into individual tax slips.