Definitions for "C-CORPORATION"
A C-corporation is a corporation which has not made the Subchapter S election to be taxed as a partnership. In other words, it is a regular corporation which is subject to two levels of taxes, one at the corporate level (for corporate profits) and one at the shareholder level (for dividends).
an entity apart from its owners and may engage in business, issue contracts, sue and be sued and pay taxes
a particular legal entity, chartered by means of a particular state, or else by means of the federal government