C CORPORATION
\sˈiː kˌɔːpəɹˈe͡ɪʃən], \sˈiː kˌɔːpəɹˈeɪʃən], \s_ˈiː k_ˌɔː_p_ə_ɹ_ˈeɪ_ʃ_ə_n]\
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Common business slang to distinguish a corporation whose profits are taxed separate from its owners under subchapter C of the Internal Revenue Code, from an S corporation, whose profits are passed through to shareholders and taxed on their personal returns under subchapter S of the Internal Revenue Code.
By Oddity Software
Word of the day
Mustagh Range
- a mountain range in northern Kashmir; an extension of the Hindu Kush; contains 2nd highest peak