Investopedia / Ryan Oakley A C corporation (or C corp) is a legal structure for a corporation in which the owners, or shareholders, are taxed separately from the entity. C corporations ...

Definition and Types of Corporations A corporation is a legal entity that is separate from its owners. This means it can make profits, be held legally responsible, and pay taxes.

A special form of corporation that allows the protection of limited liability but direct flow-through of profits and losses The S corporation is often more attractive to small-business owners than ...