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S Corporation |
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S CorporationA corporation that elects not to be taxed as a corporation. That is, the corporation does not directly pay federal income tax on its earnings. Similar to a partnership, it passes its income or losses and other tax items on to its shareholders.S Corporation Similar MatchesForeign Sales CorporationForeign Sales CorporationRefers to a provision of the U.S. tax code that grants income-tax rebates to American exporters if they form what may be a largely artificial foreign subsidiary called an FSC. This has been the subject of a trade dispute with the EU which complained to the WTO that this constitutes an illegal export subsidy. Articles of incorporationArticles of incorporationIn the US, the document which the founders of a corporation submit to the relevant state for approval after which a certificate of incorporation is issued. These two documents form the corporation's charter which endorses its legality. Information listed in the charter includes the name of the corporation, purpose, number of authorised shares and details of directors. The rules under which the corporation's internal management operates are listed in the bylaws. Foreign corporationForeign corporationA corporation conducting business in another country from the one it is chartered in and that abides by the laws of another country. See: Alien corporation. Instinet (Institutional Networks Corporation)Instinet (Institutional Networks Corporation)Computerized subscriber service that serves as a vehicle for the fourth market. "Instinet" is registered with the SEC As a stock exchange it numbers among its subscribers a large number of mutual funds and other institutional investors linked to each other by computer terminals. The system permits subscribers to display bids and offers (which are exposed system wide for whatever length of time the initiating party specifies) and to consummate trades electronically. Instinet is largely used by market makers, but, nonmarket makers and customers have equal access. Closed corporationClosed corporationA corporation whose shares are owned by just a few people, having no public market. Further SuggestionsEdge corporationsCommodity Credit Corporation National Association of Investors Corporation Federal Deposit Insurance Corporation (fdic) International Finance Corporation (IFC) Resolution Trust Corporation (RTC) corporation tax Pension Benefit Guaranty Corporation Federal Agricultural Mortgage Corporation (Farmer Mac) National Securities Clearing Corporation Federal Deposit Insurance Corporation (FDIC) Edge Act corporation Clearing corporations Domestic corporation National Association of Investors Corporation Options Clearing Corporation (OCC) Eleemosynary Corporation Shell corporation Transnational corporation National Securities Clearing Corporation (NSCC) advance corporation tax Foreign Sales Corporation (FSC) Quasi public corporation Pension Benefit Guaranty Corporation (PBGC) Financing Corporation (FICO) |
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