A relatively small corporation may apply for tax status under Subchapter S of the U.S. Internal Revenue Code (26 USC 1361 et seq.). The Code limits the number of investors, their nationalities, classes of stock, and types of investors (generally individuals, not corporations), and the restrictions and definitions change from time to time.
In general, the major advantage of an S-corp is that it is not subject to income taxes, but rather they are "passed through" to the shareholders, pro rata. Therefore, shareholders of an S-corp only pay personal income taxes on the corporate income and the income is not taxed twice (once as corporate income and once as shareholder income). Furthermore, taxation of dividends paid to shareholders are subject to special treatment and may be excluded from gross income of the shareholder in some cases.
A corporation is a group of individuals, created by law or under authority of law, having a continuous existence independent of the existences of its members, and powers and liabilities distinct from those of its members.
The corporations represent the spread of American culture. The corporations have influence on foreign governments. The corporations threaten to alter ancient cultures.
the bureau of corporations had the authority to investigate corporations and issue reports on their activities
Corporations can last longer. Corporations have limited liability.
Agreement corporations are so named because they must agree to conform to activities permitted to Edge Act corporations.
private corporations
private corporations A+
Corporations
Superintendency of Corporations was created in 1968.
government corporations do not perform a particular economic function.
Edge Act corporations are chartered by the Fed, while agreement corporations secure their charters from the states.
Finance corporations development corporations
public corporations