C Corporation—This is the standard, most.
More on C Corps ». In fact, the “C” simply stands for “corporation.” Clever, yes? In a C corp., the shareholders cannot be held personally responsible for the corp’s obligations, though they can be “double taxed,” meaning that corporate profits are taxed at both the entity and individual levels—that is, dividends allocated to shareholders are taxed as well as the profits that the business makes. C Corporation—This is the standard, most common form of corporation.
Original text search at: ypnblog.com/blog/2007/06/