C Corp or C Corporation offers maximum tax-related options for you. C Corp helps to keep the company and owner as a separate entity. This feature facilitates the company to raise capital by issuing publicly traded stock. C Corp does get higher rate taxes because the taxes are applicable to corporate as well as owner’s entities In general, a C Corporation is best for large business entities. It attracts more investors, venture capitalists, and shareholders as it allows wider ownership. Most of the larger scale businesses in the USA are C Corporation business types.
This is applicable for officers, directors, employees, and shareholders.
Perpetual existence. Even if the owner exits the corporation.
Enhanced credibility. Gain respect among suppliers and lenders.
Can raise a great amount through the sale of stock.
As per guidelines to the Securities Exchange Act of 1934
Enjoy tax-deductible business expenses.
The State Department must be named because the agent for the corporate
This must be done to stay all files and documents in one place which include the minutes of meetings, stock certificates, et al.
A separate document must be made to line down basic ground rules for the corporation
The shareholders must appoint a board of directors to manage the corporate
A gathering must be held for the administrators to appoint officers, implement the bylaws and choose a bank for the corporate
This must be done in order that each shareholder receives its stock