Noun
S corporation (plural S corporations)
(business, US) A closely held corporation that makes a valid election to be taxed by the federal government.
Other parts of the federal tax package that might not benefit Brown are cuts to the tax rate his business would see as an S corporation from around 35 percent to 21 percent because of recent legislation in Oregon. Source: Internet
The Framework also discusses the advantage of a Subchapter S corporation where any profits are passed without tax to the shareholders. Source: Internet
Some subdivisions within particular titles acquire meaning of their own; for example, it is common for lawyers to refer to a " Chapter 11 bankruptcy " or a "Subchapter S corporation " (often shortened to " S corporation "). Source: Internet