The name S corporation comes from the Internal Revenue Code, which permits corporations to retain the limited-liability feature of regular corporations while being taxed as partnerships.

Name: The name S corporation comes from the Internal Revenue Code, which permits corporations to retain the limited-liability feature of regular corporations while being taxed as partnerships.
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Question

Quizplus · Accepted Answer

The statement accurately describes the origin and taxation of S corporations.

The Name S Corporation Comes from the Internal Revenue Code