Subchapter S Corporation


A form of corporation, allowed by the IRS for most companies with 75 or fewer shareholders, which enables the company to enjoy the benefits of incorporation but be taxed as if it were a partnership. also called S Corporation.

Use this term in a sentence

You need to make sure that you keep up to date with the subchapter S corporation so that you know how things stnad.

​ Was this Helpful? YES  NO 10 people found this helpful.

The certified public accountant had recommended that the small business owner change its formal designation with the state to a subchapter s corporation.

​ Was this Helpful? YES  NO 11 people found this helpful.

Since they were only a 20 person company, they were able to be a subchapter S corporation. They had no plans on growing past 75, so it would never be an issue.

​ Was this Helpful? YES  NO 6 people found this helpful.

Show more usage examples...

Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Subchapter M subcontractor