While C-Corporations and S-Corporations share common traits, there are important differences between the two different corporate forms. Both C-Corporations and S-Corporations are common ways for businesses to be organized. Both types of corporations involve the classification of the business as a separate legal entity distinct from its owners. Corporations have many of the same rights and the same responsibilities as individual citizens, and owners of corporations enjoy liability protections not available with other types of business entities.
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