Serious Business

28-02-2022, 10:35 AM

elanelown Wrote: What do you mean by "serious business"? Maybe you mean creating a C corporation? I once heard this phrase, but I never understood the difference between a C corporation and an S corporation.

The topic of C corp vs S corp is quite easy to understand if you study their main differences. In the first corporation, shares are divided into shareholders who are legally responsible for the actions or decisions of the corporation. The second type S company is created mainly for the sole purpose of avoiding double taxation. If you don't understand this topic well, you'd better ask a lawyer about it. However, you need to pay for the services of a lawyer, so try to watch a high-quality and understandable video explaining all the subtleties of this issue. I'm sure you'll find a video to help you understand everything.