The benefit of a C-corp is that you can deduct costs on your corporate taxes if you need to pay employee benefits. For any company that plans to grow, you will need a certain amount of shareholders to go public. Another benefit a C-corp provides is that they are not limited to the number of shareholders they can have whereas S-corps are. However, C-corps are heavily taxed. For young businesses that will struggle to bear the taxes that C-corps face and would benefit from having additional protection for their assets, becoming an S-corp would be favorable. This holds especially true for companies that provide services. Most examples of S-corps are companies that are not widely known, such as Jacks, Inc.. For C-corps, such as General Motors, obtaining as many shareholders as possible is crucial in growing and competing with competitors.