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.
The Differences Between a C Corp & an S Corp. An S corporation is a distinctive type of corporate entity that provides special tax advantages to owners of the business. A C corporation, also referred to as a regular corporation, is automatically formed when a business decides to incorporate. S corporations must file paperwork with the Internal Revenue Service, which is not a requirement for C corporations.