Creator Dictionary

Q: What is another name for S-Corp?

S-Corp is also known as: S Corporation,Subchapter S. A Subchapter S Corporation is a tax election that allows a corporation to pass corporate income, losses, deductions, and credits through to shareholders for federal tax purposes. S-Corps avoid double taxation, making them popular among small business owners and self-employed creators who want liability protection without the corporate tax burden.

Q: How does S-Corp relate to the creator economy?

S-Corp is a Business & Entrepreneurship concept in the creator economy. A Subchapter S Corporation is a tax election that allows a corporation to pass corporate income, losses, deductions, and credits through to shareholders for federal tax purposes. S-Corps avoid double taxation, making them popular among small business owners and self-employed creators who want liability protection without the corporate tax burden.

Definition

A Subchapter S Corporation is a tax election that allows a corporation to pass corporate income, losses, deductions, and credits through to shareholders for federal tax purposes. S-Corps avoid double taxation, making them popular among small business owners and self-employed creators who want liability protection without the corporate tax burden.

Related Terms

Business & Entrepreneurship

Also Referenced By

These terms link to S-Corp in their definitions.

LLC EIN (Employer Identification Number)Business Entity DBA (Doing Business As)Sole Proprietorship C-Corp Articles of Incorporation Registered Agent LLP