Most of the big Telephone Number List companies whose names you know are C corps: Proctor & Gamble, Coca Cola, IBM, Frito Lay, Microsoft, and McDonalds. C corps can have a virtually-unlimited number of shareholders, who may be individual Telephone Number List citizens, foreigners, or other companies. Shares may be closely held by a limited few or may be publicly traded, such as on the New York Stock Exchange. C corporations have extensive.
Recordkeeping and financial obligations, and since Telephone Number List each is treated as a fake person, it pays taxes on its own earnings. Some corporations, like Microsoft, don't pay out any dividends, effectively reinvesting all of their profits, but most small corporation shareholders prefer to receive their cut of the profit, and are then Telephone Number List responsible for paying income tax on the distributions they receive.
This results in double-taxation, where the company Telephone Number List pays corporate tax on the profit it earns, and then the shareholders pay income tax on that profit again when it is distributed to them. To get around Telephone Number List this double-taxation, you may prefer to form one of the other corporate entities. There are some restrictions on who can be an owner of an S corporation, but if your business qualifies, the corporation's profit flows through and is only taxed once, on its shareholders' tax returns.