what is a c corporation 
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 the most prevalent of corporations are also subject to corporate income taxation the taxing of profits from the business is at both corporate and personal levels creating a double taxation situation c corps can be compared with s corporations and limited liability companies llcs which also separate a company s assets from its owners but with different legal structures and tax treatment a newer type of organization is the b corporation benefit corporation which is a for profit firm but different from c corps in purpose accountability and transparency but aren t different in how they re taxed 1investopedia ryan oakley