So, when you hear someone talking about an S Corporation, understand that it is not a business entity in its own right; it is simply a C Corporation or an LLC that the IRS has granted a particular tax status. It gets its name from the Subchapter S tax code under which it’s governed...
A/L (redirected fromAssets/Liabilities) AcronymDefinition A/LAirline A/LAssets/Liabilities A/LAirlock(NASA) A/LAnnual Leave(USACE) A/LAutoland A/LAragorn/Legolas(Lord of the Rings book and films) A/LApproach and Landing A/LArabic/Latin(bilingual keyboard) ...
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