S corporation
A term to know.
A type of corporation that for tax purposes typically is not required to pay tax at the corporate level, on the condition that a shareholder reports his or her share of the corporate income on the individual tax return. S corporations are referred to as a "pass-through" entity, and are restricted in terms of owners and operations.
Synonyms:
S corp, S corporations, S corps
Synonyms list
(a comma-separated list)
S corp, S corporations, S corps