Definitions for "S-Corporation"
An Internal Revenue Service rule that allows businesses with 35 or fewer shareholders to enjoy the benefits of incorporation but be taxed as if it were a partnership.
An S-corporation is a corporation which makes an election to be taxed like a partnership (i.e., pass-through taxation) for federal income tax purposes. An S-corporation is subject to limitations not applicable to regular corporations, including a limit on the number of shareholders and the classes of stock.
a corporation that elects to be taxed as a "pass-through" entity
A form of (American) company incorporation aimed at smaller companies.
Keywords:  held, entity, small, closely
a small, closely-held entity