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C corporation

A C corporation, under United States federal income tax law, is any corporation that is taxed separately from its owners. A C corporation is distinguished from an S corporation, which generally is not taxed separately. Many companies, including most major corporations, are treated as C corporations for U.S. federal income tax purposes. C corporations and S corporations both enjoy limited liability, but only C corporations are subject to corporate income taxation.[1]

  1. ^ "Some S corporations may want to convert to C corporations". IRS. Internal Revenue Service. 20 November 2018. Retrieved 8 March 2019.