Explain the difference between an S and a C corporation. The profits and...
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Explain the difference between an and a C corporation. The profits and losses of the are passed directly to shareholders and are not subject to corporate taxes, while the must first pay taxes on any profits before passing the aftertax profits on to shareholders. In acidition, the can have no more than shareholders, all of whom must be US citizens or residents. The does not have any such restrictions on its shareholders. Select from the dropdown menus. 
Explain the difference between an and a C corporation.
The profits and losses of the are passed directly to shareholders and are not subject to corporate taxes, while the must first pay taxes on any profits before passing the aftertax profits on to shareholders. In acidition, the can have no more than shareholders, all of whom must be US citizens or residents. The does not have any such restrictions on its shareholders. Select from the dropdown menus.
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