Wikipedia
An S corporation, for United States federal income tax purposes, is a closely held corporation (or, in some cases, a limited liability company or a partnership) that makes a valid election to be taxed under Subchapter S of Chapter 1 of the Internal Revenue Code. In general, S corporations do not pay any federal income taxes. Instead, the corporation's income or losses are divided among and passed through to its shareholders. The shareholders must then report the income or loss on their own individual income tax returns.
Usage examples of "s corporation".
Not only am I am employee of Mr Sperling's corporation, but for more than four years I have had the pleasure and honour of being a friend—.
I believe it was from the Zaltin group, Erisi, not your family's corporation.
Joe, who now spent most of his ordinary working hours as a private contractor in the security field, did a lot of business with his father-in-law's corporation, and he always had a key to the condo too.
Afterward, Kren met with his bookie, and suggested that she invest a dozen billion Ke in Kren's corporation.