HomeDefinitionsCompareDebt S CorporationThe financial definition for S Corporation:A corporation that elects not to be taxed as a corporation. That is, the corporation does not directly pay federal income tax on its earnings. Similar to a partnership, it passes its income or losses and other tax items on to its shareholders. Similar MatchesAffiliated corporationAffiliated corporationA corporation that is an affiliate to the parent company. Alien corporationAlien corporationA company incorporated under the laws of a foreign country regardless of where the company conducts its operations. Articles of incorporationArticles of incorporationLegal document establishing a corporation and its structure and purpose. Further SuggestionsClearing corporationsClosed corporation Controlled foreign corporation (CFC) Corporation Domestic corporation Domestic International Sales Corporation (DISC) Edge Act corporation Click to compare definitions of S Corporation Click to view definitions beginning s- |