C-Corps, or C Corporations, are the most common type of corporation. They are separate legal entities from their owners, meaning shareholders have limited liability and are not personally responsible for the company’s debts or obligations.
C-Corps are taxed as separate entities and any profits are taxed at the corporate level before being distributed to shareholders as dividends. This double taxation can make C-Corps less attractive for small businesses, but they are often preferred by larger, publicly traded companies because they offer a wider range of options for raising capital.
