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S.A.S (Société Anonyme Simplifiée): ≈ Unlisted public company (Au), Close Corporation (CC) (S. Africa), Private Corporation (Can); often used for subsidiaries; minimum of one director and two members/shareholders; no limit on share capital; liability can be restricted to director; no "one share – one vote" principle
An S corporation (or S Corp), for United States federal income tax, is a closely held corporation (or, in some cases, a limited liability company (LLC) or a partnership) that makes a valid election to be taxed under Subchapter S of Chapter 1 of the Internal Revenue Code. [1] In general, S corporations do not pay any income taxes.
C&S grew dramatically in 1958 after it began serving supermarket chain Big D in Worcester. [9] In the 1970s, the founder's grandson, Rick Cohen, joined the company. C&S then built and moved into a 300,000-square-foot (28,000 m 2) warehouse in Brattleboro, Vermont. With the move, it began serving several supermarket chains, including A&P. [9]
A C corporation is distinguished from an S corporation, which generally is not taxed separately. Many companies, including most major corporations, are treated as C corporations for U.S. federal income tax purposes. C corporations and S corporations both enjoy limited liability, but only C corporations are subject to corporate income taxation. [1]
A conglomerate is a combination of multiple business entities operating in entirely different industries under one corporate group, usually involving a parent company and many subsidiaries. Conglomerates are typically large and multinational corporations that manage diverse business operations across various sectors.
C&S/Sovran had $49 billion in assets compared to NCNB's $69 billion in assets upon merger. The merged company took the name NationsBank, headquartered in NCNB's old hometown of Charlotte. [15] Before the NCNB/C&S/Sovran merger, NCNB was ranked 10th in the US in terms of assets while C&S/Sovran was ranked 12th.
A corporate group, company group or business group, also formally known as a group of companies, is a collection of parent and subsidiary corporations that function as a single economic entity through a common source of control. [1] [2] These types of groups are often managed by an account manager.
Such corporations must identify themselves as professional corporations by including "PC" or "P.C." after the firm's name. [1] Professional corporations may exist as part of a larger, more complicated, legal entity; for example, a law firm or medical practice might be organized as a partnership of several or many professional corporations.