C-Corporation
A C Corporation is recognized for being a corporate entity set up and organized at the federal level. One of the many methods to legally distinguish between the official and regulatory justification and the tax business. Comparing this corporation to other common business forms like Limited Liability Companies (LLCs), S Corporations, Sole Proprietorships, and others, it is a unique way to create ownership of a company.
Why a C Corp is termed as a distinct legal entity?
Some of the company's income may be distributed to shareholders as bonuses by the C Corporation. Due to the fact that a C Corp is a separate legal entity, the business obligations are distinct from those of the directors, investors, and shareholders.