Advantages of Forming a C Corporation
Benefits of forming a C Corporation include:
- Less risk from government audits, compared to a sole proprietor
- Limited personal liability for business debts
- Deduct the cost of benefits as a business expense
- Split corporate profit among owners and the corporation for a possible lower overall tax rate
- No limit to the number of shareholders
- Can raise additional funds through the sale of stock
- Shareholders need not be U.S. citizens or permanent residents
Form your C Corporation online or contact a Business Specialist at 800-818-6082 (toll-free) or 302-636-5440.
