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S corporation

noun
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Definition of S corporation

US law
: a small business corporation that is treated for federal tax purposes as a partnership
  • Because MDY is an S corporation, all net income is considered the owners' taxable income.
  • —Jill Andresky Fraser

First Known Use of s corporation

1960

in the meaning defined above

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Law Dictionary

S corporation

legal Definition of S corporation

see corporation

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S corporation

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