what is the difference in a c corp or s corp
What is the difference between an LLC, a C corporation, and an S corporation? A C corporation is the standard corporation structure. 1  An S corporation is a corporation that has elected special tax status. Both of these corporate entity statuses share the following: 2  They have shareholders, directors and officers. What is the difference between an LLC, a C corporation, and an S corporation? S Corporations. The main difference between a C corporation and an S corporation is the taxation structure. S corporations only pay one level of taxation: at the shareholder level. To choose S corporation status, a tax lawyer or accountant may assist with filing IRS Form 2553 and ensuring all S corporation guidelines are met.