Business Studies, asked by iqrajavaidkhan65, 2 months ago

what is the difference between C corporation and S corporation?​

Answers

Answered by NavyaRanjan
0

The biggest difference between C and S corporations is taxes. C corporations pay tax on their income, plus you pay tax on whatever income you receive as an owner or employee. An S corporation doesn't pay tax. Instead, you and the other owners report the company revenue as personal income

Answered by study3467
8

Answer:

The biggest difference between C and S corporations is taxes. C corporations pay tax on their income, plus you pay tax on whatever income you receive as an owner or employee. An S corporation doesn't pay tax. Instead, you and the other owners report the company revenue as personal income.

Explanation:

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