C Corp

Most major companies, especially the public ones, are C corps. The company itself is the one on the hook for any legal action or debt incurred by its employees because a C corp is essentially an entity on its own that can sue and be sued. With a C corp, the money going into the company is taxed and the money you get from it as income is taxed. (See also: S corp)

« Back to Glossary Index
2017-12-12T19:35:48+00:00

Leave A Comment