BizTerm Definition
C Corporation, C Corp
Short Definition
Refers to IRS class of corp - Most Common
Full Definition

Refers to the tax status of a corporation (most common). Specifically, the corporation is taxed as a separate legal entity. It has its own tax schedule, different from individuals. C Corps must pay taxes first before distributing profits (Dividends) to shareholders. Also see, S Corporations (income passes through at the individuals' tax rate).

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