An "S Corporation" is a corporation that elects to be taxed under Subchapter S of the Internal Revenue Code (enacted in 1958 and periodically amended) and receives IRS approval of its request for Subchapter S status. As a legal entity (an artificial person), the S corporation is separate and distinct from the corporation´s owners (the stockholders). Under Nebraska incorporation law, there is no distinction between a C corporation and an S corporation.
Organization |
University of Nebraska |
Publisher |
University of Nebraska |
Publication Views |
589 |
Material Type |
Written Material |