Subchapter - Law Dictionary Search Results
Home Dictionary Name: subchaptersubchapter S
subchapter S : a subchapter of chapter 1 of the Internal Revenue Code that allows a small business corporation's taxable income to be computed in a manner similar to that used for a partnership see also S corporation at corporation ...
subchapter s corporation
subchapter s corporation A corporation that has elected under Subchapter S of the Internal Revenue Code not to pay any corporate taxes on its earnings, and instead to have its shareholders pay taxes on it ...
subchapter
subchapter : a subdivision of a chapter (as of a statute or code) ...
corporation
corporation [Late Latin corporatio, from Latin corporare to form into a body, from corpor- corpus body] : an invisible, intangible, artificial creation of the law existing as a voluntary chartered association of individuals that has most of the rights and duties of natural persons but with perpetual existence and limited liability see also pierce compare association, partnership, sole proprietorship close corporation [klōs-] : a corporation whose shares are held by a small number of individuals (as management) and not publicly traded ;specif : small business corporation in this entry called also closely held corporation compare public corporation in this entry foreign corporation : a corporation organized under the laws of a state or government other than that in which it is doing business government corporation : public corporation in this entry moneyed corporation : a corporation (as a bank) authorized to engage in the investment, exchange, or lending of moneyed capit...
sub-
sub- 1 : under : beneath : below [substandard] 2 a : subordinate : secondary : next lower than or inferior to [subagent] b : subordinate portion of : subdivision of [subchapter] [subcommittee] c : assigning to another by the same method [sublicense] [subcontract] ...
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