When the courts of appeals were created in 1891, one was created for each of the nine circuits then existing, and each court was named the United States Circuit Court of Appeals for the _____ Circuit.
What are the main differences between a C corporation and an S corporation? C corporations are subject to double taxation; that is, one tax at the corporate level on the corporation's net income, and another tax to the shareholders when the profits are distributed. S corporations have only one level of taxation. All of their income is allocated to the shareholders.
What's the difference between a C Corp, S Corp, and LLC? Incorporating a business results in the formation of a new entity that is essentially recognized as a separate person under the law. At the very early stages of your business, how do you decide which is the right business entity to form? What is the difference between a C Corp S Corp and LLC?