Not sure if a C Corp is for you?
Answer a few quick questions, and our Help Me Choose tool can help you move closer to finding the right business structure fit.
The C Corp business structure positions your company as a legal entity that’s separate from its owners or shareholders. Most traditional corporations, like the ones that are traded on the stock market, are C Corp.
Typically, C Corps are larger businesses with more complex needs. The core advantages of the structure can help such business continue their growth trajectory.
Forming a C Corp helps protect your personal assets from business liabilities.
C Corps have no limits on the number of shareholders and can have foreign owners.
A C Corp can raise money by selling stock to investors and become publicly traded.
As a C Corp, the entity pays corporate income tax and must file a separate tax return for the business. The shareholders pay tax on their individual dividends. Visit our resource center to examine the key tax considerations for different types of corporations.
If you already have a C Corp and want to take an S Corp election, we can help! Click Get started, then simply select LLC + S Corp and indicate you already have a business entity. We’ll complete your S Corp election form for you to sign and submit.
Enter your business info, pick your business type, and fill out our forms in as little as 10 minutes.
Get back to business as we work with the state to file your paperwork with 100% satisfaction guaranteed.
You’re official! We’ll provide you with your business documents while you change your title to CEO.
Answer a few quick questions, and our Help Me Choose tool can help you move closer to finding the right business structure fit.
Most traditional corporations like the ones that are traded on the stock market are C Corp. A C Corp is a tax status that is subject to double taxation — the C Corp pays tax on its income and the shareholders pay tax on the dividends they receive from the corporation. The corporate tax rate is less than the individual tax rate.
The main difference in the way the business is taxed. C Corp are taxed twice — the business pays taxes, as do the shareholders on their profits. When a business takes an S Corp election, only the shareholders pay taxes on their profits.
Read on to learn more detail about different business structures.
First, you form a corporation by filing incorporation documents with a state’s Secretary of State’s office. To do that with Block Advisors, you’ll need to choose a business name, appoint directors, file articles of incorporation, create bylaws, ensure you’re keeping accurate books and records, and issue stock. As you operate your business, the corporation’s default federal tax status will be a “C Corp” unless you make a valid S Corp election.
An EIN is an employer identification number and is needed in certain situations. For example, partnerships and corporations are required to have an EIN. Sole proprietorships and LLCs that have employees, pay excise tax, or contribute to a retirement plan also need an EIN. EINs are included with all of our packages.
Check out our resource center to learn more about taking your business from self-employed to an LLC, C Corp, or S Corp.
The type of business you choose is critical as it affects everything from the taxes you pay to different liabilities.
A corporation is a business that is considered a legal entity separate from its owners, who are called shareholders.
As you contemplate what to register your business under, you might come across two options: An LLC and a C Corp. We can help you understand both.