C corporation

A corporation whose income is taxed through it rather than through its shareholders.

• Any cor-poration not electing S-corporation tax status under the Internal Revenue Code is a C corporation by default.

— Also termed subchapter-C corporation. Cf. S corporation.

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词条贡献者

法律翻译Bernardine，毕业于新加坡知名法学院，专注翻译各类与文娱与体育有关的法律文件。