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C Corporation - What is a C Corp?

C Corporation - What is a C Corp?
Learn More about an C Corporation below Allows for unlimited amount of shareholders and can be owned by other corporations such as LLC’s or even trusts. C-Corps have more flexibility as well with shareholder rights and ownership, but typically face tougher tax implications because of this. This has to deal with a corporation’s ability to offer ownership shares in the business through stock offerings when a corporation goes public through an IPO (Initial Public Offering). Advantages of a C Corp: The primary advantage of starting a C corporation is the ability to have as many owners as you want Possibility of double-taxation, but is given more tax-deductible business expenses There is limited liability for directors, officers, shareholders and employees. Disadvantages of a C Corp: The main disadvantage of a C corporation is the double taxation feature.

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