|
gptkbp:instanceOf
|
gptkb:public_company
corporate tax status
|
|
gptkbp:benefit
|
avoids double taxation
|
|
gptkbp:canBe
|
domestic corporation
|
|
gptkbp:compatibleWith
|
foreign corporation
|
|
gptkbp:countryOfOrigin
|
gptkb:United_States
|
|
gptkbp:createdBy
|
gptkb:Subchapter_S_of_Chapter_1_of_the_Internal_Revenue_Code
|
|
gptkbp:differenceFromCcorporation
|
taxation structure
|
|
gptkbp:differenceFromLLC
|
corporate structure
|
|
gptkbp:distributedBy
|
pro rata
|
|
gptkbp:establishedIn
|
1958
|
|
gptkbp:filingMethod
|
gptkb:Form_1120S
gptkb:Form_2553
|
|
https://www.w3.org/2000/01/rdf-schema#label
|
S corporation
|
|
gptkbp:maximumShareholders
|
100
|
|
gptkbp:notAllowedShareholderType
|
gptkb:non-resident_aliens
corporations
partnerships
|
|
gptkbp:recognizedBy
|
gptkb:Internal_Revenue_Service
|
|
gptkbp:regulates
|
gptkb:Internal_Revenue_Code
|
|
gptkbp:responsibility
|
limited liability
|
|
gptkbp:shareholderType
|
individuals
estates
certain trusts
|
|
gptkbp:stateRecognized
|
varies by state
|
|
gptkbp:stockClassLimitation
|
one class of stock
|
|
gptkbp:subject
|
at-risk rules
built-in gains tax
federal tax law
reasonable compensation rules
basis limitations
loss limitation rules
operational restrictions
eligibility requirements
corporate formalities
shareholder consent
IRS approval
excess passive income tax
fringe benefit limitations
passive income restrictions
qualified subchapter S subsidiary rules
shareholder reporting requirements
state corporate law
termination rules
|
|
gptkbp:taxationOfIncome
|
income taxed at shareholder level
|
|
gptkbp:taxationType
|
pass-through taxation
|
|
gptkbp:taxYearRequirement
|
calendar year unless IRS approval
|
|
gptkbp:bfsParent
|
gptkb:Internal_Revenue_Code_Section_1361
gptkb:Schedule_K-1_(Form_1120S)
|
|
gptkbp:bfsLayer
|
6
|