C corporation

Definition of "C corporation"
  1. A type of corporation whose profits are separately taxed from its owners under specific provisions of the Internal Revenue Code
How to use "C corporation" in a sentence
  1. The tax implications led the business to switch from a C corporation to an S corporation status.
  2. As a C corporation, the business had to pay taxes on its profits separately from its owners.
  3. Understanding the differences between a C corporation and an S corporation can help a business owner make an informed decision.

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