0
Yes, it is called a QSub or Qualified Subchapter S Subsidiary. It must meet the requirements delineated in the code and regulations, and make the proper election. This allows for two seperate corporate entities, which is often desirable for legal purposes. For tax purposes, the activity of the QSub is combined with the parent on one tax return, so they are essentially a single entity for tax purposes.
What else can I help you with?
What distinct advantage does a private or Subchapter S Corporation have over a public corporation?
jjj
What is the meaning of a S Corporation?
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.
Do you have to pay self employment tax with a subchapter S corporation?
Distributions from an S-Corporation generally are not subject to self-employment tax.
What does LP mean after company name?
The suffix is LLP, and it stands for Limited Liability Partnership. It is a corporate structure designed to provide the protection of a "C" corporation with the tax benefits of a "Subchapter S" corporation.
What has the author Michael Schlesinger written?
Michael Schlesinger has written: 'The S corporation desk book' -- subject(s): Subchapter S corporations, Taxation
Which form of business organization is taxed twice?
a C corporation the corporation is a separate entity who's profits are taxed then what's left of those profits are distributed/shared by the individual share holders who will be taxed on their individual share of the profits. Where as in a S corporation, subchapter corporation, the corporation entity I believe doesn't get taxed only the individual share holders do. Most small businesses are S corporations.
Is private limited company same as s corporation pritipatel2007gmailcom?
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.
Is my corporation an S corporation or a C corporation?
To determine if your corporation is an S corporation or a C corporation, you need to check with the IRS. S corporations have specific eligibility requirements and must file Form 2553 to elect S corporation status. C corporations are the default classification for corporations that do not elect S corporation status.
Can corporation be a stockholder in a corporation?
Yes, a corporation can be a stockholder in a regular C corporation. A common form of this is called a "holding company" but other types of companies regularly buy stock in other companies too. However, a corporation cannot own stock of an "S" type corporation. Only actual people can own shares of an S corporation.
What is the difference between a c corp and a s corp?
C vs S is an election made by a corporation in regards to how it wants to be taxed. A C corporation files a tax return and pays tax based on corporate tax rates. An S corporation files a tax return; however, the profit or loss passes through to the owner or partners personal tax return and tax is paid at the personal rate. Obviously, only a private closely held corporation can elect S status. The state tax treatment for an S-corp may be different than the federal treatment. You could have a corporation which has elected S status for federal taxes and C status for state taxes. The subchapter-S election is merely a tax classification, not a legal entity formation difference.
What do you call a business in which many investors own shares?
PLC public limited company Other terms: - For profit C-corporation. - S-corporation.
What form of ownership is Ford motor company c corporation s corporation or llc?
s corporation
