An agent who assists another agent in representing a principal in a transaction. Subbase The compacted soil which forms the base for the base of a paved road.
Income is taxed as direct income to the shareholders.
Shareholders include, in their personal tax returns, their pro-rata share of capital gains, ordinary income, tax preference items, etc. Subcontract Work done for the general contractor or owner by specialists in certain fields, such as plumbing, roofing, electrical, etc. Subcontract Bids Bids that are given in an effort to obtain a job doing work for the general contractor or owner by specialists in certain fields, such as plumbing, roofing, electrical, etc. Subcontractor Specialists in the construction business who are hired by the general contractor. These would include roofers, plumbers, electricians, etc.