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  • cy268 replied to the topic Types of Corporations in the forum Business 101 7 years, 11 months ago

    If I were to own a company, I would choose the C-corp type of ownership. With C-Corps, with the advantage of being taxed like sole ownerships, it allows to re-invest profits at a lower corporate tax rate. Unlike the LLP and most other partnership-based type of corporations, C-Corp does not need to get dissolved in the case of death of a partner or require immediate transfer of ownership or partnership to maintain the status of the company. Most importantly as a non-US citizen or a foreign owner of a C-Corp, another advantage of choosing C-Corp over other corporations is the waiver of filing of U.S. personal income tax returns.