QUESTION IMAGE
Question
a c corporation feature:
select one:
a. double taxation
b. no board
c. pass - through tax by default
d. no liability shield
Brief Explanations
C corporations are subject to double taxation—corporate profits are taxed at the corporate level, and dividends distributed to shareholders are taxed again at the individual level. Options b, c, and d are incorrect: C corporations require a board of directors, do not have pass-through taxation by default (unlike S corporations/LLCs), and provide liability shields for owners.
Snap & solve any problem in the app
Get step-by-step solutions on Sovi AI
Photo-based solutions with guided steps
Explore more problems and detailed explanations
a. Double taxation