Is an s corporation a subsidiary corporation?

A corporation cannot own shares of a Scorp QuickBooks Forum Payroll Processing up to 50% off ADP and Paychex Tax Lien Help Leslie and Associates, Inc. Home DUO AUTO SALES Classic Cars America...

yes and no.

The shareholders would make an election by filing a form 2553 with the IRS. For an existing corporation, the form must be filed by March 15 of the year the election is to be effective. The election...

A closely held company is one in which all shares of stock are owned by a small number of people (often related to each other), and a Subchapter S corporation is one that conforms to that subchapter...

S corporation or S-corp, for United States federal income tax purposes, a corporation that makes a valid election to be taxed under Subchapter S of Chapter 1 of the Internal Revenue Code