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A C-Corporation, often referred to as a C-Corp, is a legal business structure that is recognized as a separate entity from its owners. It's named after subchapter C of the Internal Revenue Code, under which it is taxed.
Here are some key characteristics of a C-Corporation:
Before choosing a C-Corporation structure for a business, it's important for you to consider your specific goals, tax implications, and the administrative requirements associated with this type of entity. Consulting with legal and financial professionals can help in making an informed decision tailored to your business needs. Our team of professionals can assist you in making a guided decision in which formation to choose.
Choosing between a C-Corporation and an S-Corporation involves considering various factors, including the business's size, growth plans, tax implications, ownership structure, and long-term objectives. Seeking advice from legal and tax professionals is crucial to determine which structure best aligns with the business's goals and circumstances. Our team of professionals can assist you in making a guided decision in which formation to choose.
An S-Corporation, or S-Corp, is a specific tax designation granted by the IRS that provides certain tax advantages while maintaining some of the structural benefits of a corporation.
Here are the key features of an S-Corporation: