Will Form 1120 C Equity 2023-2024

Okay, the Seaport bridge. This is one of the most common business structures in the United States. Essentially, the idea behind a corporation is to protect the shareholders from liability. That's why you create a corporation. Most of the time, the C corporation is owned by the shareholders and the shareholders are protected from the debts and obligations of the corporation itself. So, it's owned by shareholders. That's important. There's an unlimited number of shareholders, unlike an S corp. There's an unlimited number of shareholders. It's easy to sell those shares and execute financings as a result. That's really what the share structure is designed for - to be easily exchanged so you can do financing easily. That also means you can sell a C corp relatively easily. That's a straightforward process. Also, there are formal governance rules. There are rules about how the corporation is managed. You have to have things like board meetings. Certain decisions are made by the directors and officers. You also need two minutes, which is essentially a record of what happens during those meetings. Importantly, the profits of a C corp are taxed. When people talk about double taxation, that's what they mean. The profits of the C corp are taxed and then the income of the people that work for the C corp as individuals are also taxed. That's what they mean when they talk about taxation. There are reporting requirements as well, meaning there are certain things you have to report and renew licenses. You have to renew various business licenses in an ongoing way for the organization. Some people view the formal governance rules or the reporting requirements as a negative. However, investors tend to look at that as a positive because they know that there are certain things that are...