Subchapter S

Definition:

IRS regulation that gives a corporation with 35 or fewer shareholders the option of being taxed as a partnership to escape corporate income taxes.

Investing Essentials


Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

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Public limited partnership

A limited partnership with an unlimited number of partners that is registered with the SEC and is available for public trading by broker/dealers.

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