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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.
For example, if you’re self-employed and your spouse is unemployed, you might enroll yourself and your spouse in a health insurance policy that you buy on your state’s marketplace. As long as ...
1997 – The Small Business Job Protection Act (SBJPA) of 1996 widens the availability of ESOPs by allowing S corporation shareholders to participate, effective January 1, 1998. 2001 – The United States Congress enacts Internal Revenue Code section 409(p), which effectively requires for ESOP benefits to be shared equitably by investors and ...
Unlike state laws regarding stock corporations, which are very well developed and provide for a variety of governance and protective provisions for the corporation and its shareholders, most states do not dictate detailed governance and protective provisions for the members of a limited liability company.
Shareholders of UnitedHealth Group (UHG) are calling on the company’s board of directors to release a report on how its policy of limiting or delaying access to health care may be impacting the ...
HCSC is the fifth-largest health insurer in the US overall and employs more than 23,000 people. As of 2019, it was noted to be the third-largest commercial health insurer in the United States [1] It serves nearly 16 million members. HCSC offers group life, disability, and dental policies, as well as a range of other individual policies. The ...
U.S. Bancorp is the bank holding company of U.S. Bank, which is the fifth largest bank by assets in the United States. The Minneapolis-based holding company’s most recent acquisition was that of ...
As of June 30, 2015, the corporation's total assets were more than $103 billion, and the company insured more than 50 million people worldwide. [14] Aflac is the largest provider of guaranteed-renewable insurance in the United States and the largest insurance company overall in Japan, when measured by individual insurance policies in force.