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
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
- Employee Law and Taxes
- Copyright Trademark Patent
- End or Sell Your Business
- IRS Tax Forms for Business
- Common Business Terminology
- State and Local Information
About.com Special Features
Building Your Small Business
Get the best tips on starting up and staying competitive. More >
Best Moves in a Bad Economy
Stay on top in this tough economy with our smart, easy-to-follow financial tips. More >
©2009 About.com, a part of The New York Times Company.
All rights reserved.