There’s also B corps, which are for-profit corporations that are required by their shareholders to also produce a public benefit. Close corporations are similar to B corps, but they have a less ...

A form of business operation that declares the business as a separate, legal entity guided by a group of officers known as the board of directors A corporate structure is perhaps the most ...

A special form of corporation that allows the protection of limited liability but direct flow-through of profits and losses The S corporation is often more attractive to small-business owners than ...

Investopedia / Theresa Chiechi The federal corporate tax rate in the United States is 21%, and it applies to a corporation's profits. The taxes are paid on a company's taxable income, which ...