Kiritsis & Associates


C Corporations are a tax treatment classification and not a legal entity structure.


John Kiritsis, Esq., CPA, MBA, MS, JD, LL.M


Kiritsis Law Group   

212 922 0005


A C-Corporation, also known as a "regular" corporation, is a type of business entity that is separate from its owners and treated as a legal person under the law. This means the corporation can enter into contracts, incur liabilities, and be sued in its own name. The owners of a C-Corporation are known as shareholders, and they hold shares of stock in the corporation.


One of the main advantages of a C-Corporation is that it offers limited liability protection to its shareholders. This means that the shareholders are not personally responsible for the debts and liabilities of the corporation. If the corporation is sued or goes bankrupt, the shareholder's personal assets are generally not at risk.


Another advantage of a C-Corporation is that it can raise capital by issuing shares of stock. This allows the corporation to generate funds by selling stock to investors, which can be used to finance business operations and growth.


However, one of the main disadvantages of a C-Corporation is that it is subject to double taxation. This means that the corporation is taxed on its profits at the corporate level, and then the shareholders are taxed again on their dividends or other distributions from the corporation. This can result in a higher overall tax burden compared to other business structures such as a sole proprietorship, partnership, or S-Corporation.


To form a C-Corporation, the owners must file articles of incorporation with the state in which the corporation will be formed. The articles of incorporation must contain information about the corporation, such as its name, purpose, and the names and addresses of the incorporators. The corporation must also adopt bylaws, which outline the rules and procedures for running the corporation.


C-Corporations are governed by a board of directors, who are responsible for making strategic decisions for the corporation and overseeing its operations. The directors are elected by the shareholders, and they may or may not be shareholders themselves. The day-to-day management of the corporation is typically carried out by the officers, who are appointed by the board of directors.


Overall, a C-Corporation is a popular choice for businesses that want to raise capital through the sale of stock, and that want to protect their owners from personal liability. However, it is important to consider the potential disadvantages of a C-Corporation, such as double taxation, before deciding whether it is the right business structure for your company.



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