What is a C corporation? A legal entity separate and distinct from its owners for corporate...

What is a C corporation?

A legal entity separate and distinct from its owners for corporate income tax purposes.

A business structure defined by federal law, where owners have limited liability.

An unincorporated organization with two or more members who carry on a trade or business activity.

A legal entity that is not subject to corporate income tax.

Expert Solution

What is a C corporation?

C-Corporations operate as a separately taxed entity from their owners.

This means that the shareholders, employees and owners of a
C-corporation pay tax on their personal salary, while the corporate
profits are taxed separately.

A legal entity separate and distinct from its owners for corporate income tax purposes.

ekkarill92 answered 2 years ago

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