Subchapter S (S Corporation) - A corporation that meets the requirements for, and has made a proper election to be taxed under, Subchapter S of the Internal Revenue Code. This gives the corporation the option of being taxed as if it were a partnership (income is taxed to the shareholders, rather than to the corporation itself).
Subchapter S (S Corporation) : a corporation that meets the requirements for, and has made a proper election to be taxed under, subchapter s of the internal revenue code. this gives the corporation the option of being taxed as if it were a partnership (income is taxed to the shareholders, rather than to the corporation itself).
Subchapter S (S Corporation)