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Associations usually are 501 (c) 4s and charities are 501 (c) 3s. The difference is that 4's cannot accept charitable donations and 3s can.
C vs S is an election made by a corporation in regards to how it wants to be taxed. A C corporation files a tax return and pays tax based on corporate tax rates. An S corporation files a tax return; however, the profit or loss passes through to the owner or partners personal tax return and tax is paid at the personal rate. Obviously, only a private closely held corporation can elect S status. The state tax treatment for an S-corp may be different than the federal treatment. You could have a corporation which has elected S status for federal taxes and C status for state taxes. The subchapter-S election is merely a tax classification, not a legal entity formation difference.
s corporation
It's a C corporation.
There are 3 kinds: S corporation, C corporation and Limited Liability Company (LLC)
c=90 degrees s=180 degrees
No. IC-DISC corporations must be C corporations.
LTD stands for Limited Liability. Either type of corporation would qualify in that the owners' liability is limited.
E. C. Strong has written: 'media Graphics Corporation' -- subject(s): Media Graphics Corporation
C-Corporation S-Corporation Limited Liability Company (LLC) Sole Proprietorship
What is the difference in a domestic bca and an s corp
The tax form filed by the entity will tell you if it is a C corp (Form 1120), and S corp (Form 1120S), or a Partnership (Form 1065).