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The Inland Revenue Service defines a "C" Corporation as one that is legally independent from its owners. It also does not have a personal tax liability for its owners.
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What is the correct spelling of 501 c 3?
According to the IRS, it is 501(c)(3)
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Is Riordan manufacturing a c-corporation?
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The shareholders would make an election by filing a form 2553 with the IRS. For an existing corporation, the form must be filed by March 15 of the year the election is to be effective. The election would then begin from January 1 of the year the election was made. Word of Caution - there can be adverse tax consequence for the corporation and the shareholders if an election is made without consulting a tax advisor.
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It's a C corporation.
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s corporation
What are kinds of corporation?
There are 3 kinds: S corporation, C corporation and Limited Liability Company (LLC)
Which type of corporation is the standard type of corporation?
Often referred to as a C-Corp.
What is the correct spelling of 501 c 3?
According to the IRS, it is 501(c)(3)
