C-Corporation
A corporation is a more complex form of business organization. The corporation is a legal entity and exists apart from its owners or shareholders. As a separate entity, the corporation has its own rights, privileges and liabilities apart from the shareholders, officers and board of directors. A corporation can buy and sell property, enter into contracts, sue and be sued. Elected officers and its board of directors manage the corporation.And remember, we are happy to answer your questions on the phone. To speak with one of our knowledgeable incorporation Business Specialists, call us at 1-888-494-9729 (our phone hours are: Monday through Friday, 8 AM to 5 PM MST) or send us a message.
Learn More About C-Corporations
| C-Corporation Advantages | C-Corporation Disadvantages | Other Incorporating Options | ||
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Additional Information
- No personal liability for debts of business
- No personal liability of shareholders
- Management consists of officers and directors (who can be you)
--- directors elected by the shareholders, and officers are elected by the directors - Total number of shareholders can be one in most states
- Corporation survives death of shareholders, officers and directors
- Profits taxed to corporation
--- wages to anyone (but NOT dividends) are deductible - Set up 401k’s, IRA’s
- Countless tax deductions for the benefit of officers, directors, shareholders, including
--- car allowances
--- medical insurance
--- travel and entertainment, business expense allowances - Taxed at corporate rate, not personal rate on income (which is lower)
- Shareholders can be other corporations. LLC’s, trusts, etc.




