C Corporation*

2015 07 01 | Category: Offshore Glossary

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C Corporation*
Unlike a partnership, it is a business, which is a completely separate entity from its owners. C Corporation is a corporation that is subject to federal income tax at the corporate level. In other words, it is any corporation that has not elected S Corporation status. The taxable income of a C corporation is subject to tax at the corporate level while the dividends continue to be taxed at the shareholder level.


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