Small business answers — NOW!

C corporation definition

Question
What is a C Corporation? 
Answer
A C corporation is the basic corporation. It is separate and apart from its shareholders with its own legal existence as a contracting and tax filing entity. Most large corporations, like those that are publicly traded, are C corporations. 
Brain Trust contributor: Author of J.K. Lasser's Small Business Taxes 2007
© 2007, Small Business Network, Inc., All Rights Reserved.
Subject to the Terms of Use of AskJim.biz
Print this page   Bookmark this page   E-mail this page to a friend   Go back to previous page
AskJim ID: 882