Answer :
Answer:
S corporation
Explanation:
An S corporation is a form of corporate business ownership. It is a small corporation been allowed to register as S corporation after meeting requirements set out by the internal revenue code. The shareholders in an S corporation has the advantage of avoiding double taxation.
S corporations are taxed the same way as partnerships. In a corporation, the business and the shareholder have to file separate income tax returns. An S corporation is allowed to pass its income as the income of its shareholders for taxation purposes.