What Is an S Corporation? - Definition, Requirements, Advantages & Examples


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What is an S corporation?

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1. What is one tax advantage of an S corporation?

2. What is one of the characteristics of an S corporation?

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About This Quiz & Worksheet

There are many different types of business entities. This quiz/worksheet combo will help test your understanding of the characterizations of S corporations.

Quiz & Worksheet Goals

These assessments will test you on the following aspects of S corporations:

  • Definition of an S corporation
  • Advantages of S corporations
  • Characteristics of this type of business entities
  • How this entity differs from others

Skills Practiced

This quiz and worksheet will allow students to refine these skills:

  • Interpreting information - verify that you can read information regarding characteristics of S corporations and interpret it correctly
  • Distinguishing differences - compare and contrast topics from the lesson, such as S corporation and partnership
  • Information recall - access the knowledge you've gained regarding advantages of S corporations
  • Knowledge application - use your knowledge to answer questions about the requirements of S corporations

Additional Learning

To learn more about S corporations, review the accompanying lesson: What is an S Corporation?- Definition, Requirements, Advantages, and Examples. This lesson covers the following topics:

  • Definition of an S corporation
  • Requirements of an S corporation
  • Advantages of forming this type of business entity
  • Examples of S corporations