Subchapter S Corporation


Definition of "Subchapter s corporation"

Diana Spinelli Team
Diana Spinelli Team Realty Experts

Corporation whose stockholders are taxed as partners. That is, income is taxed as direct income to the shareholders. The key advantage of this tax treatment is that shareholders escape double taxation. To qualify as an S corporation, there must be 35 or fewer stockholders; there can be only one class of stock; and no nonresident foreigners may be shareholders.

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