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.
How to Change an S Corporation to a C Corporation. An S Corporation is a corporation that makes a tax election with the Internal Revenue Service (âIRSâ) that allows it to be taxed as a partnership and avoid the double taxation of a traditional âCâ Corporation.n S Corporation is a corporation that makes a tax election with the Internal Revenue Service (âIRSâ) that allows it to be taxed as a partnership and avoid the double taxation of a traditional âCâ Corporation.