C Coporation
/ˌsiː ˌkɔːrpəˈreɪʃən/
Definitions
- (n.) A type of business entity recognized by law as a separate legal person, characterized by limited liability for its shareholders and perpetual existence, often subject to specific tax regulations under Subchapter C of the Internal Revenue Code in the U.S.
The company chose to organize as a C Corporation to benefit from limited liability and easier access to capital.
Forms
- c coporation
- c corporation
Related terms
See also
Commentary
The term specifically refers to a corporation taxed separately from its owners, unlike S Corporations which have pass-through taxation.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.