What is a C Corporation? Definition or Meaning

The C Corporation refers to a type of company in the United States of America where the company will be taxed separately from its owners or shareholders. This type of entity is treated as a person and must file its income with the taxation department. Although “double taxation” is a major downside, C Corporations can have great tax benefits as well.

For example…

On the New York Stock Exchange, you will come across several C Corporations. One particular example is 3M Company. If you look it up it is listed as a “corporation”, rather than a “closed corporation” which would suggest it is not a C Corp.