S corporation
S corporation see corporation

Merriam-Webster’s Dictionary of Law. . 1996.

S corporation
A term that describes a profit-making corporation whose shareholders have applied for and received subchapter S corporation status from the Internal Revenue Service (IRS). Electing to do business as an S corporation lets shareholders enjoy limited liability status, as would be true of any corporation, but be taxed as a pass-through tax entity, where income taxes are reported and paid by the owners, like a partnership or sole proprietor. (A regular, or C, corporation is taxed as a separate entity from its owners.) To qualify as an S corporation, a number of IRS rules must be met, such as a limit of 100 shareholders and U.S. citizenship for all shareholders.
Category: Business, LLCs & Corporations → LLCs, Corporations, Partnerships, etc.

Nolo’s Plain-English Law Dictionary. . 2009.


S corporation
A type of corporation that is taxed under subchapter S of the INTERNAL REVENUE CODE (26 U.S.C.A. § 1 et seq.).

Dictionary from West's Encyclopedia of American Law. 2005.


S corporation
A type of corporation that is taxed under subchapter S of the Internal Revenue Code (26 U.S.C.A. § 1 et seq.).

Short Dictionary of (mostly American) Legal Terms and Abbreviations.

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