Subchapter S
Subchapter S
DEFINITION
A Subchapter S corporation is a corporation, which meets the requirements for and has made a proper election to be taxed under Subchapter S of the Internal Revenue Code. An S Corporation is not a Corporation. It is just a taxing code for the IRS. All stock holders of the Corporation must have a Social Security Number for the Corporation to apply for Subchapter S status.
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Terri J Lee S.
Arizona Member
I originally joined LegalShield because I wanted to get my will completed. However, I have kept my membership because of the value it provides. I feel good knowing that if I have a legal question or if I need help with a legal document, I can contact LegalShield. I would highly recommend this company, and in fact, I have referred some of my friends and family members
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