C Corporation

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Also found in: Financial.
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
References in periodicals archive ?
In response, Kinder Morgan noted that it has been organized as a C-corporation since 2014, while Enterprise Products (EPD) said that the proposed FERC revisions are not expected to have a "material impact" to its earnings and cash flow.
Most businesspeople know by now that C-corporation taxes fell from 35 to 21 percent, and that a new 20 percent deduction on qualified business income is available to sole proprietors, partnerships, LLCs and S-corporations.
Tortoise announced that following the signing of the tax reform legislation, Tortoise's C-Corporation closed-end funds will now accrue deferred federal income taxes at a 21% corporate federal tax rate instead of the historical 35% tax rate, the company said.
S-corporations offer the most flexibility; you can either opt to be taxed like an LLC (with flow through taxation) or as a C-corporation.
5 percent gross receipts tax on any Oregon-sourced C-corporation with gross receipts in excess of $25 million.
Pass-through taxation is advantageous as shareholders in a C-Corporation face potential double-taxation.
The oil and gas pipeline company said it would shed the tax-advantaged legal structure it had popularized during the US shale boom, the Master Limited Partnership (MLP), and fold its units into one company with a market capitalisation of $92 billion organised as a C-corporation.
C-Corporation has a loss carryforward of approximately $1,300,000.
For a C-corporation, the distribution of the policy is also a taxable event for the departing shareholder.
C-corporation status offers few benefits but substantial drawbacks for the typical private business owner.
At the same time you set up a C-corporation whose stock will be bought by your new 401K plan (the new 401K actually owns the C-corporation).
He also was distraught that the lower court did not do its job in determining differences between Brewitt as an individual from a C-corporation, and thus he sent the clarification work back to those originally responsible.