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C corporationA C corporation is a form of corporation that meets the IRS requirements to be taxed under Subchapter C of the Internal Revenue Code. It is also known as "C corporation" or "C-Corp". Most major companies are incorporated under a C corporation. After the corporation is created it becomes its own entity and has an indefinite lifespan as long as the yearly filing fee is paid. [edit] C Corporation vs. S corporationThe main differences between S corporation and C lie in the fact that a C corporation is taxed a Federal Corporate Income tax whereas an S corporation is not. It may also have an unlimited amount of shareholders unlike S corporations, which are limited to 100 shareholders. [edit] See AlsoCreator
This page was created on Jan 01, 2006 |
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