Advantages of Being a C Corporation.

A general or C corporation  has many advantages for it's owners or stockholders. It is a little more time consuming to get started and regular meetings and reports have to be done. Also the corporation has to pay income taxes on profits in addition to taxes by the stockholders. But here are some of the positives:

 *Personal assets of all stockholders are protected
 *Owners can be considered employees and reimbursed for expenses, travel and insurance
 *The corporation will exist after owners leave or die
 *It can merge with other corporation with board approval
 *Share can be freely transferred or sold
 *More shares can be issued with board approval
 *Shares and options can be used to entice key employees
 *If the corporation goes bankrupt it won't affect the credit of the shareholders
 *More attractive to investors because because of multi-level management
 *Ability to "go public" and sell shares to the general public
 *When shre price increases all the owners/shareholders benefit
 *May be easier to get credit from suppliers and large purchases

Check all the possible business structures before you decide on the one that's best for your situation. Barry is a business & franchise coach who has started and operated over 20 businesses. www.idealetter.com