Letter S
business
S-Corp Election
An election under Subchapter S filed on Form 2553 allowing an eligible corporation or LLC to be taxed as a pass-through entity, avoiding entity-level corporate income tax.
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More legal terms starting with S
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This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.