Benefits of a C Corporation Essay

Firstly, a C stack can be defined as a intelligent unit of rail line that has its aver separate identity from its owners or the persons that form it. To use the general legal term, it is a body corporate, a legal entity, which simply gist a corporation can be treated just want an private in law, it can sue and can be sued. This strange characteristic does not only make it quite unique and also gives it an edge over other business entities such as sole proprietor, partnership, limited liability Company to mention but few.However, the deuce major types of corporation, which are the C can and S Corporation. The C Corporation has quite numerous utilitys the most technical of these is its ability to guard its owners individual(prenominal) assets from judgment against the business. Owners can also split profit and loss with the business for a lower overall tax rate. Yet another benefit is that it has no limits in number of percentageholders and owner. Again, Owners do not need to be U. S. citizens or residents both foreign and local are equally allowed to share in its ownership.A C corporation also has the flexibility of universe owned by yet another business entity, rather than an individual or several individuals. Finally, the C Corporation has a package of more greater tax advantages over any other business entity, for it was in general designated for tax purposes, while the S corporation passes it tax to the shareholders, the C Corporation on the other hand acts as it own tax entity. case Bakan J. , 2004, The Corporation The Pathological Pursuit of Profit and Power. USA