From the course: Running a Web Design Business: Defining Your Business Structure
Unlock the full course today
Join today to access over 22,600 courses taught by industry experts or purchase this course individually.
C corporation: Advantages and disadvantages
From the course: Running a Web Design Business: Defining Your Business Structure
C corporation: Advantages and disadvantages
In this video, we'll discuss the advantages and disadvantages of C corporations. A common corporation, often called a C corp, is the most complex business type. Interestingly, it shares several legal similarities with an individual person. Each individual US citizen has a unique name and social security number. Similarly, a corporation is an independent legal structure with a unique name and federal tax identification number. You and I pay income tax as individual entities. A corporation pays corporate tax as an individual entity. But corporations also have aspects of a group. Indeed, the word corporate is defined as a group of people united into a single body. A corporation is made out of multiple owners, known as shareholders. Corporations can have unlimited number of shareholders, so this business type is ideal for a large company with many employees. So let's take a look at some advantages and disadvantages of the corporate business structure. A key advantage of corporations is…
Practice while you learn with exercise files
Download the files the instructor uses to teach the course. Follow along and learn by watching, listening and practicing.
Contents
-
-
-
(Locked)
Understanding your business-structure options1m 8s
-
(Locked)
Sole proprietorship: Advantages and disadvantages2m 48s
-
(Locked)
Partnerships: Advantages and disadvantages3m 24s
-
(Locked)
C corporation: Advantages and disadvantages4m 54s
-
(Locked)
S corporation: Advantages and disadvantages2m 19s
-
(Locked)
LLC: Advantages and disadvantages4m 12s
-
Choosing your business structure using five key questions4m 21s
-
(Locked)
-
-
-
-