S Corporation defined: An S-Corporation is a form of a corporation that allows companies that have less than 100 shareholders to benefit from the liability protection of a corporation and the tax benefits of a partnership. This means that the earnings of the company are only taxed once at the personal income level. A company that meets the requirements to be taxed under the Internal Revenue Code Subchapter S.
Above is a definition for “S Corporation” from PrivCo’s Private Company Knowledge Bank, the definitive online and e-book guide to private companies and private company deals.
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