To affix one's signature to: signed the letter. 2. To write (one's signature): signed her name to the contract. 3. To approve or ratify (a document) by affixing a signature, seal, or other mark: sign a bill into law.o affix one's signature to: signed the letter. 2. To write (one's signature): signed her name to the contract. 3. To approve or ratify (a document) by affixing a signature, seal, or other mark: sign a bill into law.
S corporation. An S corporation, for United States federal income tax purposes, is a closely held corporation (or, in some cases, a limited liability company or a partnership) that makes a valid election to be taxed under Subchapter S of Chapter 1 of the Internal Revenue Code. In general, S corporations do not pay any federal income taxes.
S Corporations. S corporations are corporations that elect to pass corporate income, losses, deductions, and credits through to their shareholders for federal tax purposes. Shareholders of S corporations report the flow-through of income and losses on their personal tax returns and are assessed tax at their individual income tax rates. This allows S corporations to avoid double taxation on the corporate income. S corporations are responsible for tax on certain built-in gains and passive income at the entity level. To qualify for S corporation status, the corporation must meet the following requirements: Be a domestic corporation; Have only allowable shareholders