A C-corporation is a corporation in the United States that, for Federal income tax purposes, is taxed Subchapter C of Chapter 1 of the Internal Revenue Code. Most major companies (and many smaller companies) are treated as C-corporations for Federal income tax purposes.
The income of a C-corporation is double taxed, whereas the income of an S-corporation (with a few exceptions) is not taxed at the entity. The income, or loss, is applied, Pro Rata, to each Shareholder and appears on their tax return as Schedule E income/(loss).
Unlike corporations treated as S-corporations, a corporation may qualify as a C-corporation without regard to any limit on the number of shareholders, foreign or domestic.
A prospective creator of a C corporation must:
Choose an available business name that complies with their state's corporation rules;
Appoint the initial directors of their corporation;
File formal paperwork, usually called "articles of incorporation," and pay a filing fee that ranges from $100 to $800, depending on the state where they incorporate;
Create corporate "bylaws," which lay out the operating rules for their corporation;
Hold the first meeting of the board of directors;
Issue stock certificates to the initial owners (shareholders) of the corporation; and
Obtain licenses and permits that may be required for their business.
The C-Corp offers many strong benefits and great features and the corporate status is the best way to gain credibility and trust in your company. This is important if you plan on operating globally one day.
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We specialize in preparing company formation forms and assist you in filing them correctly which is the key task in starting your company. Additionally, we provide you with any other necessary information and instructions to go along with our forms and services. |
We proudly offer the simplest
and most reliable money
back guarantee in the industry. If you
experience trouble filing your forms due to
paperwork problems caused by us and we fail
to make the necessary corrections/adjustments,
you will get your money back.
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Alternative methods and service options are available.
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How
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Follow the ordering process and download the questionnaire thereafter. The cart will guide you through the steps. If you have any problems, call us and we will guide you through it. The questionnaire is downloaded on the last step in the cart.
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