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In the USA, a S Corporation is a corporation that basically pays no taxes. It takes its name from Subchapter S of Chapter One of the Inland Revenue Code.
NAICS Code(s) 112330 (Turkey Production)
NAICS Code(s) 112340 (Poultry Hatcheries)
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No, an "S-corporation" is one that has applied for that special status under subchapter S of the U.S. Internal Revenue Code, and has been found to meet all of the pertinent criteria.
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