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C Corporation |
Also found in: Financial, Wikipedia | 0.01 sec. |
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C Corporation A type of business that may be created by a group of professionals wishing to become incorporated Pros Less troublesome in daily financial management, minimises current net income—as the income is paid to the physicians as compensation—and minimises current tax liability Cons At time of sale, up to 60% of the proceeds are paid in taxes by the corporation and by the individual shareholder Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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