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C-Corporation FAQs
LLC FAQs
There are two main types of entities available on our platform – the C-Corporation (C-Corp) and the Limited Liability Company (CCC).
Tax Advantages of a C-Corporation:
A C-corporation files a corporate tax return and pays taxes on the profits. The post tax income may then be distributed to the corporation shareholders in the form of dividends. The shareholders are then taxed on dividends.
Tax Advantages of a Limited Liability Companies (LLC)
An LLC is considered a ‘foreign owned disregarded entity’ when owned by a non-resident. Despite the namesake, an LLC owned by a non-resident is taxed int he same way as a C-corporation and is required to file form 1120 with the IRS.