C corporation
Common business slang to distinguish a regular corporation, whose profits are taxed separate from its owners under subchapter C of the Internal Revenue Code, from an S corporation, whose profits are passed through to the shareholders and taxed on their personal income tax returns under subchapter S of the Internal Revenue Code.
Category: Business, LLCs & Corporations → LLCs, Corporations, Partnerships, etc.

Nolo’s Plain-English Law Dictionary. . 2009.

Look at other dictionaries:

  • C-corporation — USA All domestic corporations other than S corporations are C corporations. C corporations are the most common corporate form and generally are subject to two levels of tax on their income: • At the entity level when earned. • At the stockholder… …   Law dictionary

  • C corporation — A C corporation (or C corp.) is a corporation in the United States that, for Federal income tax purposes, is taxed under usc|26|11 and Subchapter C (usc|26|301 et seq.) of Chapter 1 of the Internal Revenue Code.A C corporation may also be subject …   Wikipedia

  • C corporation — A corporation that elects to be taxed as a corporation. The C corporation pays federal and state income taxes on earnings. When the earnings are distributed to the shareholders as dividends, this income is subject to another round of taxation… …   Financial and business terms

  • C Corporation — A legal structure that businesses can choose to organize themselves under in order to limit their owners legal and financial liabilities. C corporations are legally considered separate entities from their owners. In a C corporation, income is… …   Investment dictionary

  • C corporation —    A business term for a corporation, the profits or losses of which are taxed separately from those of its owners, as set out in subchapter C of the Internal Revenue Code. Such a corporation differs from an S corporation, the profits or losses… …   Business law dictionary

  • C Corporation — A regular corporation governed by Subchapter C of the Internal Revenue Code. Distinguished from S corporations, which fall under Subchapter S of the Code. See corporation …   Black's law dictionary

  • C Corporation — A regular corporation governed by Subchapter C of the Internal Revenue Code. Distinguished from S corporations, which fall under Subchapter S of the Code. See corporation …   Black's law dictionary

  • Subchapter C corporation — >> C corporation. Webster s New World Law Dictionary. Susan Ellis Wild. 2000 …   Law dictionary

  • corporation — cor·po·ra·tion /ˌkȯr pə rā shən/ n [Late Latin corporatio, from Latin corporare to form into a body, from corpor corpus body]: an invisible, intangible, artificial creation of the law existing as a voluntary chartered association of individuals… …   Law dictionary

  • corporation, C — n. A corporation formed under Subchapter C of the Internal Revenue Code; also called a Subchapter C corporation. The Essential Law Dictionary. Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008 …   Law dictionary

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