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What Is a C Corp?
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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...
SBA Mentor-Protégé program
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SBA Mentor-Protégé program Program benefits Guidance on internal business management systems, accounting, marketing, manufacturing, and strategic planning Financial assistance in the form of equity investments, loans, and bonding Assistance navigating federal contract bidding, acquisition, and the federal procurement process Education about international trade, strategic planning, and finding markets Business development, including strategy and identifying contracting and partnership opportunities General and administrative assistance, like human resource sharing or security clearance support Program qualifications Be a small business with industry experience. You can find out if your business qualifies as small by using the Size Standards Tool , or by referencing SBA's table of small business size standards . Both the tool and the table help you find the small business classification requirements according to individual NAICS codes . Be organized fo...
HUBZone program
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HUBZone program The HUBZone program fuels small business growth in historically underutilized business zones with a goal of awarding at least 3% of federal contract dollars to HUBZone-certified companies each year. Content Program benefits HUBZone program qualifications HUBZone map Apply to get certified as a HUBZone small business Maintain HUBZone certification Program benefits The government limits competition for certain contracts to businesses in historically underutilized business zones. It also gives preferential consideration to those businesses in full and open competition. Joining the HUBZone program makes your business eligible to compete for the program’s set-aside contracts . HUBZone-certified businesses also get a 10% price evaluation preference in full and open contract competitions. HUBZone-certified businesses can still compete for contract awards under other socio-economic programs they qualify for. HUBZone program qualifications To qualify for the HUBZone ...