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.
If a business qualifies as an S-corp, the tax difference between an LLC and S-corp are a bit more nuanced. Both an LLC and an S-corp has flow through taxation (no double taxation).However, an LLC's distribution of profits is subject to an employment tax, whereas an S-corp's dividends are not.With careful planning, a small business can avoid significant employment taxes by electing to become an S-corp.oth an LLC and an S-corp has flow through taxation (no double taxation). However, an LLC's distribution of profits is subject to an employment tax, whereas an S-corp's dividends are not.