Shared Foreign Sales Corporation Law and Legal Definition

Shared Foreign Sales Corporation (SFSC) is a corporation formed to make export sales and earn favorable tax treatment thereon. SFSC requires more than one and less than twenty five unrelated exporters. SFSC allows separate businesses, even competitors, to band together into a single export company to share expertise and costs of running the SFSC. These corporations may receive favorable tax treatment and possess organizational guidelines that are somewhat more streamlined than those of other foreign sales corporations.