businessstructure

Lifestyle

C-Corp vs S-Corp: Understanding the Differences

Taxation: How are C-Corps and S-Corps Taxed Differently? One of the primary differences between C-Corps and S-Corps is how they are taxed. C-Corps are taxed as separate entities from their owners, meaning that they pay their own taxes on their profits. This is known as double taxation, as the corporation pays taxes on its profits and the shareholders pay taxes…