What is a C Corporation?

A Sea Corporation is an entity that deals with all workings related to the ocean. Employees must read A General History of the Pyrates and adhere to current maritime law. As an incentive, every quarterly goal met is one extra drink of water while on the galley’s oars.

A C Corporation is just a tax definition. See, a C Corporation pays a tax that is calculated according to the income earned. This is opposed to an S Corporation, which sends income and losses straight to shareholders to calculate and handle their taxes.

C Corporations are the standard in terms of corporations and have the advantage of the ease of creation without additional needs beyond standard paperwork. Though a typical issue they encounter is double taxation, wherein both the company and the investors end up paying taxes, it is still the most common kind of corporation, despite being a costly choice for entrepreneurs.