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I didn't mean so simple you could do yourself; I meant simple compared to S-Corp.

A C-corp and an S-corp are equivalent in all but a few ways:

An S-corp is restricted in the total number of shareholders, and the classes of stock. It also can't have retained earnings. That's it.

S-corps aren't really popular any longer. Everyone who might have benefited from an S-corp is choosing to form LLCs instead. Less paperwork. Less formality. More flexibility. It's essentially a partnership with the limited liability of a corporation.

Heck, even AOL was an LLC for a while.


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