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  What Is a C Corp? Investopedia / Ryan Oakley What Is a C Corporation? A C corporation (or C-corp) is a legal structure for a corporation in which the owners, or shareholders, are taxed separately from the entity. C corporations, the most prevalent of corporations, are also subject to corporate income taxation. The taxing of profits from the business is at both corporate and personal levels, creating a double taxation situation. C-corps can be compared with  S corporations  and  limited liability companies  (LLCs), which also separate a company's assets from its owners, but with different legal structures and tax treatment.  A newer type of organization is the B-corporation (or benefit corporation), which is a for-profit firm but different from C-corps in purpose, accountability, and transparency, but aren’t different in how they’re taxed. KEY TAKEAWAYS A C Corporation legally separates owners' or shareholders' assets and income from that of the corporatio...

  Understanding S Corporations Choosing the right business structure for your enterprise is a crucial decision. It has long lasting ramifications, as it sets the path for the future in terms of operations, management, legal, and tax issues. Proper research should be done before you take your pick. There are several organizational forms that businesses can choose from, including  sole proprietorship ,  partnership ,  limited liability company  (LLC),  corporation , or an  S corporation . Here we discuss an S Corporation, its structure, advantages, disadvantages, and more. KEY TAKEAWAYS An S corporation, also known as an S subchapter, refers to a type of legal business entity. Requirements give a corporation with 100 shareholders or less the benefit of incorporation while being taxed as a partnership.  Corporate taxes filed under Subchapter S may pass business income, losses, deductions, and credits to shareholders. Shareholders report income a...