Series 24: 4.1.3.4. C Corporations

Taken from our Series 24 Online Guide

4.1.3.4. C Corporations

Long before LLCs burst onto the scene as one of the favorite structural options for small business, corporations were the go-to structure for owners wanting to shield themselves from liability and raise additional money from investors. Further, until a few decades ago, most corporations set up were of one flavor, known as Subchapter C corporations, or C-corps.

More than any other form of business ownership, C-corps are considered separate entities from the owners who have invested in them. In fact, C-corps always receive their own separate tax identification number and pay taxes as a separate taxpayer, which results in double taxation for the owners. This double taxation occurs when a corporation pays taxes on its

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