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A C corporation is a form of corporation in the United States 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.
C corporation vs. S corporation The main differences between S and C lie in the fact that a C corporation is taxed a Federal Corporate Income tax (see table below) whereas an S corporation is not. It may also have an unlimited amount of shareholders, as well as foreign shareholders, unlike S corporations. Steps to forming a C corporation Taxable Income list Resources See also | ||||||||
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