S-corporation


Also found in: Legal.

S Corporation

A business with few shareholders that is exempt from some taxes levied on other corporations. Specifically, an S corporation is not responsible for taxes on its profits (corporate taxes) and is taxed as if it were a partnership. However, it may have no more than 100 shareholders. An S corporate structure allows a company to take advantage of some of the benefits of incorporation without all of the responsibilities attached to it.

S-corporation

See subchapter S-corporation.

References in periodicals archive ?
Tax-Related Determinants of the S-Corporation Conversion Choice Dividend Taxes and Taxable Corporate Income
"It is somewhat easier for an S-corporation to make transfers, whether by gift or estate.
Real estate firms may earn significant revenues from passive sources, such as rents, which makes their organization as an S-corporation or a PC with S-corporation tax treatment less desirable.
An S-corporation gets its name from the fact that its tax rules are described in Subchapter S of the Internal Revenue Code.
But help appears to be on the way for the beleaguered S-Corporation, in the form of pending legislation that could relieve many of the heavy burdens that have been placed on S-Corporations by confining tax laws.
For example, suppose your client is the owner of an S-Corporation and took a $100,000 salary in 2013.
Even if your construction company is a pass-through entity (S-corporation or partnership), decisions made at the entity level can impact the individual AMT liability of the owners.
What is an S-Corporation? What could be a small businesses' savior.
Sole proprietorship under principal partner 35% S-corporation 34% Limited liability corporation 21% C-corporation 9% Note: Table made from bar graph.
BCI, an Alaska S-Corporation, is a wall panel, roof and floor truss design and manufacturing company that sells primarily in the Anchorage and Mat-Su areas, and statewide in Fairbanks, Tok, Glennallen, and on the Kenai Peninsula.
The plan would enable small-business owners, including partners and S-corporation stockholders who own more than 2 percent of the stock, to participate in a cafeteria plan if they worked in the business.
If partnership tax treatment is taken, profits and losses can Be allocated as preferred to owners and, if desired, owners can select to be treated as a corporation or S-corporation for tax purposes.