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What is a C Corporation?

When it comes to selecting a business entity, C corporations (C corps) are a popular choice. It’s the most common type of corporation in the U.S. because if offers the opportunity for big tax savings and growth through the sale of stocks. The profits earned by a C Corp are taxed separately from its owners. Here are some more facts about C corps:

Tax Deductions Please

The recent change to the corporate tax rate coupled with a myriad of other tax breaks including deducting medical premiums and fringe benefits, the ability to shift income, write-offs for charitable contributions, and many others make C Corps more attractive than ever. Learn more about the tax advantages of a C corp.

Bring on the Shareholders

A C corp is owned by shareholders but there’s no limit to the number of shareholders it can have. However, if the numbers climbs to $10 million in assets and 500 shareholders, the company is required to register with the SEC under the Securities Exchange Act of 1934.

The Sky’s the Limit for Growth

More shareholders equal more investors and deep pockets ready to buy stock. The sale of stock provides unlimited growth potential for S corps. And, if the small business eventually grows into one that’s large enough to attract public funding on a national stock exchange, it must be a C corp.

Corporate Tax Return Services

Is a C corporation the right choice for your business? Consider the tax advantages of a C corp then call William McConnaughy, CPA at 888-225-1272 to discuss how we can prepare your corporate taxes. Or, you can request a free consultation through our website now.