Article: Tax Benefits Of A ?C? Corporation - Funding
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Tax Benefits Of A ?C? Corporation - Funding
If you are going to form a corporation, you might be surprised to learn a ?C? corporation comes with a lot of tax benefits. While this article isn?t intended to replace the advice of a good tax professional, it may serve to open your eyes to the value of a ?C? corporation.
?C? Corporation
The ?C? in C corporation has a few legal ramifications, but it is primary a designation for tax purposes. Put in layman?s terms, the designation simply means the corporation will act as its own tax entity. In contrast, an ?S? corporation acts as a pass through tax entity, pushing its financials down to the shareholder who report the information on their personal tax returns.
The Internet Revenue Code sets out the law on tax and it contains a few juicy provision...
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