A Sub-chapter S Corporation is a corporation whose profits and losses are taxed to its owners on their individual income tax returns instead of being taxed as a corporation. Sub-chapter S status must be elected by the corporation after it is chartered. Sub-chapter S status allows a corporation the limited liability benefits of a corporation with the tax benefits of taxation at the personal tax rate.
Sub-chapter S Corporation
By Jean Murray, About.com Guide
More on S-Corporations
S Corporation Taxes
Explore US Business Law / Taxes
Must Reads
By Category
- Starting Your Business
- Financing Your Business
- Business Organization Types
- 2009 Business Tax Calendar
- Business Taxes
- Business Accounting Records
- Finding a Business Location
- Resolving Business Disputes
- Employment Law and Taxes
- Copyright Trademark Patent
- End, Sell, Change Business
- IRS Tax Forms for Business
- Common Business Terminology
- State and Local Information
About.com Special Features
10 Things You Can Do Today to Improve Your Credit
Easy steps to take control of your credit card debt. More >
Holiday Central
What to eat, where to go, fun things to do and how to save money on the perfect gifts. More >
©2009 About.com, a part of The New York Times Company.
All rights reserved.