C Corporations

All State And Federal Tax Services
Business Accounting Services
Contact Us
Please enter the code above in the box next to it.

C corporation refers to any corporation that, under United States income tax law, is taxed separately from its owners. Most major companies (and many smaller companies) are treated as C corporations for U.S. income tax purposes.


Shareholders of a corporation may elect to treat the corporation as a flow-through entity known as an S corporation. An S corporation is not itself subject to income tax; rather, shareholders of the S corporation are subject to tax on their pro rata shares of income based on their shareholdings.

 

To qualify to make the S corporation election, the corporation's shares must be held by resident or citizen individuals or certain qualifying trusts. Unlike corporations treated as S corporations, a corporation may qualify as a C corporation without regard to any limit on the number of shareholders, foreign or domestic.

 

Louis F. Patten C.P.A. is a full service accounting firm.

Contact us today for reasonable rates on our services for C corporations.

7556 Lake Worth Road, Suite 105, Lake Worth, FL 33467

© 2012, Louis F. Patten, Certified Public Accountant, Certified Management Accountant

Privacy Policy | Terms of Use | Site by ConsultPR.net