Subchapter S Corporation definition

Subchapter S Corporation. (as defined in the Internal Revenue Code of 1986, as amended), Borrower may pay cash dividends on its stock to its shareholders from time to time in amounts necessary to enable the shareholders to pay income taxes and make estimated income tax payments to satisfy their liabilities under federal and state law which arise solely from their status as Shareholders of a Subchapter S Corporation because of their ownership of shares of stock of Borrower, or (d) purchase or retire any of Borrower's outstanding shares or alter or amend Borrower's capital structure.
Subchapter S Corporation means a corporation electing taxation under subchapter S or chapter 1 of subtitle A of the internal revenue code, sections 1361 to 1379 of the internal revenue code.
Subchapter S Corporation. (as defined in the Internal Revenue Code of 1986, as amended), Borrower may pay cash dividends on its stock to its shareholders from time to time in amounts necessary to enable the shareholders to pay income taxes and make estimated income tax payments to satisfy their liabilities under federal and state law which arise solely from their status as Shareholders of a Subchapter S Corporation because of their ownership of shares of stock of Borrower, or (d) purchase or retire any of Borrower's outstanding shares or alter or amend Borrower's capital structure. Loans, Acquisitions and Guaranties. (a) Loan, invest in or advance money or assets, (b) purchase, create or acquire any interest in any other enterprise or entity, or (c) incur any obligation as surety or guarantor other than in the ordinary course of business. Salaries. Make or permit any withdrawals or pay or contract to pay any salaries, commissions, bonuses or other compensation for services in excess of the following annual amounts for the persons indicated below or to any other person or persons performing services of a similar nature: Names Amounts XXXXXX X. XXXX $100,000.00 XXXXXXXX XXXXXX $ 55,000.00 XXXXXXX XXXXX XXXX (Plus 1% of Commissioned Sales) $ 52,000.00

Examples of Subchapter S Corporation in a sentence

  • Subchapter S Corporation shareholder's net earnings from trade or business activities (shown on Schedule K-1).

  • Check the box that represents the type of business entity:Partnership Corporation Sole Proprietorship Subchapter S Corporation Limited Partnership Limited Liability Corporation Limited Liability PartnershipName of Stock or ShareholderPart 3 – Signature and Attestation:The undersigned is fully aware that if I have misrepresented in whole or part this affirmation and certification, Iand/or the business entity, will be liable for any penalty permitted underlaw.

  • Check the box that represents the type of business entity:Partnership Corporation Sole Proprietorship Subchapter S Corporation Limited Partnership Limited Liability Corporation Limited Liability PartnershipName of Stock or ShareholderHome Address Part 3 – Signature and Attestation:The undersigned is fully aware that if I have misrepresented in whole or part this affirmation and certification, Iand/or the business entity, will be liable for any penalty permitted underlaw.

  • In regard to Subchapter S Corporations, a distribution from a Subchapter S Corporation will be treated as wages if it was for services performed.

  • Submission is being provided by a corporation or partnership that operates as a (check one of the following): Limited Partnership Limited Liability Corporation Limited Liability Partnership Subchapter S Corporation SIGNATURE: DATE: EXHIBIT A MANDATORY EQUAL EMPLOYMENT OPPORTUNITY LANGUAGEN.J.S.A. 10:5-31 et seq.


More Definitions of Subchapter S Corporation

Subchapter S Corporation means a corporation that qualifies as an “S Corporationfor purposes of Subchapter S of the Code.
Subchapter S Corporation means a corporation electing
Subchapter S Corporation means a corporation for which
Subchapter S Corporation. (as defined in the Internal Revenue Code of 1986, as amended), Borrower may pay cash dividends on its stock to its shareholders from time to time in amounts necessary to enable the shareholders to pay income taxes and make estimated income tax payments to satisfy their liabilities under federal and state 9
Subchapter S Corporation means an "electing small business corporation," as defined in Subchapter S of the Internal Revenue Code of 1986 (26 U.S.C. ss.sx. 0071-1377).
Subchapter S Corporation has the meaning set forth in Section 3(k) below.
Subchapter S Corporation to a "C Corporation," including Tax as a "C Corporation" for the period ending on or before the Effective Date.