- Double taxation (company and shareholders are taxed)
- Can go public on the stock market (Most C-corps are publicly traded)
- Can have several classes of stock
- File company taxes quarterly (usually) and form 1120/1120a annually (similar to the 1040 form for individuals)
- Plethora of tax write-offs
- More paperwork and record keeping (must keep minutes) at board meetings
- More regulations
- Usually report finances to state attorney general
- Managed by board members
- Owned by shareholders
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