S corporation definition

S corporation

Type of the US corporate structure in which the firm's income is passed through its stockholders (shareholders) in proportion of their investment, and taxed at personal income tax rates. S corporations ('S' stands for 'small') can have only one type of stock and only a limited number of stockholders. Also called subchapter S corporation.

S corporation is in the Corporate, Commercial, & General Law subject.

S corporation appears in the definition of the following term: subchapter S corporation

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