C-Corp
A U.S. corporation taxed under Subchapter C of the Internal Revenue Code, with corporate-level tax on profits and shareholder-level tax on dividends.
A C-Corporation is the default corporate tax form in the U.S. The corporation pays federal income tax on profits at the 21% corporate rate, and shareholders pay tax again on distributed dividends — the well-known "double taxation." C-Corps are the standard structure for venture-backed startups because the equity instruments (preferred stock, stock options) and Section 1202 qualified small business stock benefits work cleanly at the corporate level. Most international LLC owners do NOT need a C-Corp.
Also known asC Corporation, Subchapter C Corporation
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