Accounting Dictionary

Subchapter S Corporation

A subchapter S corporation also known as an S corporation provides the liability protection of a “C” corporation and the taxation attributes of a partnership for domestic companies with less than 100 shareholders and one class of stock.

S corporations can pay non-employee owners dividends which are not subject to self-employment taxes. Their corporate status helps them borrow money and compete for contracts. However, in order to cut down on paperwork, many small companies that will not be traded on a stock exchange are choosing to be LLCs rather than S Corps.

Sign Up to Learn More!

Join our mailing list today to get notified of new discount offers, course updates, Roger CPA Review news, and more!

Scroll to Top
Get Your eBook Today!

Fill out this form to have our eBook sent directly to your email address.

Access Until You Pass

The Elite-Unlimited course provides UNLIMITED continuing access to your course materials until you pass the CPA Exam! How does it work? Upon activating your course, you will have an initial 36 months of access. You can then renew your subscription as many times as you need to pass your exams—for FREE. Simply click the “renew” option in your student account and you can continue studying your high-quality course materials without losing any of your data and course progress.

Renewal Instructions

  •   Please purchase a renewal using the "Renew" option from the My Account page
  •   To qualify for renewal pricing, course must be renewed before it expires
  •   All renewals are effective from the current expiration date and cannot be deferred
  •   Test information cannot be reset (deleted) with renewal unless eligibility criteria is met (see Help page)