S Corporation Clause Samples
The S Corporation clause defines the entity's status as an S Corporation for tax purposes under the Internal Revenue Code. This clause typically outlines that the corporation has elected to be taxed as an S Corporation, meaning its income, losses, deductions, and credits pass through to shareholders and are reported on their individual tax returns. By specifying this status, the clause ensures that the corporation and its shareholders benefit from pass-through taxation, thereby avoiding double taxation at both the corporate and individual levels.
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S Corporation. There is no election in effect under Section 1362(a) of the Code for Borrower to be treated as an S Corporation as defined in Section 1361(a) of the Code.
S Corporation. The Company has not made an election to be taxed as an "S" corporation under Section 1362(a) of the Code.
S Corporation. The Company is not and has never been an "S Corporation" within the meaning of Section 1361 of the Code.
S Corporation. 25 Section 5.12 Compliance with Laws......................................................... 25 Section 5.13 Litigation............................................................................ 25 Section 5.14 Ownership Interests of Interested Persons; Affiliations............................... 26 Section 5.15 Investments in Competitors............................................................ 26 Section 5.16
S Corporation. An electing small business corporation within the meaning of Internal Revenue Code Section 1362(a).
S Corporation. Seller is not an S corporation as defined in Code Section 1361.
S Corporation. APP has not made an election to be taxed as an "S" corporation under Section 1362(a) of the Code.
S Corporation. It is intended that for federal income tax purposes the Company will continue to qualify as an "
S Corporation. Is The Employer Part Of A Controlled Group? [ ] YES [x] NO Part Of An Affiliated Service Group? [ ] YES [x] NO
S Corporation. There is no election for any Covered Person in effect under Section 1362(a) of the Code to be treated as an S Corporation as defined in Section 1361(a) of the Code.