Q: What is a C Corporation?
A: A C Corporation is a type of corporation that is subject to double taxation, meaning that the corporation's profits are taxed at the corporate level, and then again at the shareholder level when the profits are distributed as dividends.
Q: What are the disadvantages of a C Corporation?
A: The main disadvantages of a C Corporation include double taxation, higher levels of administrative complexity, and more stringent reporting requirements than other business structures.
Q: Who should consider forming a C Corporation?
A: C Corporations are typically best suited for larger businesses that have significant profits and require a high level of capital investment.
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