S corporation

A corporation whose income is taxed through its shareholders rather than through the corporation itself.

• Only corporations with a limited number of shareholders can elect S-corporation tax status under Sub-chapter S of the Internal Revenue Code.

— Also termed subchapter-S corporation; tax-option corporation. Cf. C corporation. [Cases: Internal Revenue 3885–3903. C.J.S. Internal Revenue §§ 374–379.]

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词条贡献者

法律翻译王漾，在一家顶尖英国律师事务所的上海办公室担任全职法律翻译，专注翻译各类与大中华业务有关的法律文件。