What Is an S Corporation

What is an S Corporation?

A) A company that has limited personal liability and allows you to pass the income for tax purposes or be taxed as a corporation.
B) A regular corporation that has 75 or less employees,is taxed like a partnership,and passes net income or losses on the shareholders.
C) A voluntary contract among two or more persons to place their capital,labor,and skills in a business corporation with the understanding that there will be a sharing of the profits and losses among the partners.
D) A corporation located in a state that begins with the letter 'S.'.