S corporation means an incorporated entity for which a valid election under section 1362 of the Internal Revenue Code (26 U.S.C. 1362) is in effect.

S corporation means an incorporated entity for which a valid election under section 1362 of

Examples of S corporation in a sentence

For example, you may need to provide updated information if you are a C corporation that elects to be an S corporation, or if you no longer are tax exempt.
The Borrower will not declare or pay any dividends on, or make any distribution with respect to any class of its equity [in excess of the amount of federal and state income tax of the principals of the Borrower attributable to the earnings of the Borrower if the Borrower is an S corporation or a partnership].
Under these requirements, each of the Members of the LLC must be an individual, a C corporation, any foreign entity that would be treated as a C corporation were it domestic, an S corporation, or an estate of a deceased Member.
At all relevant times, BEST was organized under the laws of California as a single-member S corporation headquartered in Bakersfield, California.
If at the time of a transfer of stock permitted hereunder, the Corporation then is an "S" corporation, the transferee and new stockholder shall be required to consent in writing not to revoke such "S" election without the unanimous approval of all other stockholders.

More Definitions of S corporation

S corporation shall have the meaning set forth in Section 1361 of the Code.

S corporation means "S corporation" as defined in Section 1361(a) of the Internal Revenue Code;

S corporation means any corporation that is an S corporation for federal income tax purposes.

S corporation means a corporation for which a valid election under section 1372(a) of the Internal Revenue Code is in effect. A corporation must file Form 84-105 if (a) it elected to be an S corporation by filing Federal Form 2553, (b) the IRS accepted the election, and (c) the election remains in effect. Do not file Form 84-105 until the corporation has been notified by the IRS that the federal election has been accepted.

S corporation means a corporation included in the definition of an "S corporation" pursuant to section 1361 of the federal Internal Revenue Code of 1986, 26 U.S.C. s.1361.

S corporation means a corporation included in the definition of

S corporation means an S corporation as defined in Section 1361, Internal