C Corporation (C Corp)

A C corporation (also known as a C corp) is a type of business entity that is taxed as a separate entity from its owners. C corps are formed by filing articles of incorporation with the state government, and they are owned by shareholders who elect a board of directors to oversee the management of the company. C corps are the most common type of corporation, and they are subject to corporate income tax on their profits. The shareholders of a C corp are also subject to personal income tax on any dividends they receive from the company. C corps offer several advantages, including the ability to raise capital through the sale of stock, limited liability protection for shareholders, and the potential for favorable tax treatment. However, they are also subject to more complex tax and regulatory requirements than other business structures.

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What is Finanshels?Setting up a good small-business bookkeeping system can be an involved process, especially if you’re not an experienced bookkeeper. Rather than spending enormous time and effort on getting your books up and running, consider turning to Finanshels for help. We’ll set up your bookkeeping system to ensure that your business is starting off right – and we’ll save you a huge amount of stress.Want someone to help you organize your bookkeeping system? Try Finanshels