C Corporation

A type of business structure designed to separate the owners' legal and financial liability from that of the company. Unlike S Corporations where profits are taxed at the level of the shareholder, C Corps have their profit taxed at the corporate level...and again at the shareholder level after profits are distributed. Wait, why would a corporation want to be double-taxed? Well, it offers the most protection to stakeholders. If the corporation goes belly up, they're not on the hook. Most big corporations, like McDonald's, are C Corporations. It's the McCorporation Structure.