The-definition.com

Definition

Subchapter S corporation

Subchapter S corporation refers to a form of business organization that combines the advantages of a partnership and C corporation; similar to a partnership, in that the profits and losses of the business are not subject to double taxation, and similar to a corporation, in that the owners are not subject or personal liability for the behavior of the business.

Share it:  Cite

More from this Section

  • Concept statement
    Concept statement is a preliminary description of a business that includes descriptions ...
  • Preferred stock
    Preferred stock refers to the stock that is typically issued to conservative investors ...
  • Liquidity
    Liquidity is the ability to sell a business or other asset quickly at a price that is ...
  • Elevator speech (or pitch)
    Elevator speech (or pitch)– a brief, carefully constructed statement that outlines the ...
  • Relevant industry experience
    Relevant industry experience, Entrepreneurship. ...