"C" corporations are those which are taxed by the Internal Revenue Service as a regular corporation and pay income tax based upon corporation tax rates. If a corporation does not qualify for "S" corporation status to be taxed as a small business, then it must be treated as a "C" corporation. The decision to be a "C" corporation is one of default - a corporation is automatically a "C" corporation unless it obtains approval from the Internal Revenue Service to be taxed under a different provision. If the corporation will offer it's stock to the public via a stock exchange, or if there are stockholders who are not U.S. citizens, for example, it would not qualify as an "S" corporation. Limited Liability Companies are not part of this discussion because they are taxed as partnerships and enjoy pass-thorough taxation similar to "S" corporations but without the restrictions, including the number and qualification of shareholders. (Please see applicable sections for "S" corporations and LLCs for more details.)
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“Kelly is an extraordinary woman, leader, and humble servant with the expertise to listen, connect, plan, take action and execute with excellence...since 2005, she has consistently exceeded expectations for referrals and many commented on her personal character, positive attitude, and impact on them as well as our community!"
Al Paoli, Director, Small Business & Technology Development Center (SBTDC) for Kent County, Delaware
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