mediation. n. the attempt to settle a legal dispute through active participation of a third party (mediator) who works to find points of agreement and make those in conflict agree on a fair result.
Subchapter S (S Corporation) What is a 'Subchapter S (S Corporation)'. A Subchapter S (S Corporation) is a form of corporation that meets specific Internal Revenue Code requirements, giving a corporation with 100 shareholders or less the benefit of incorporation while being taxed as a partnership.
Can an LLC Be a Shareholder of a Subchapter S Corporation? A corporation issues shares of stock to investors that represent ownership in the company. One of the benefits of the corporate entity is the ability to sell shares of stock to any person or entity able to make the purchase anywhere in the world.