What Are the Different Types of Corporation Structure?
Corporation structure can be organized in a number of ways. Companies may be classified as profit or non-profit. There are domestic corporations and foreign corporations. If a company operates in more than one country, it is called a multinational company. The most common corporation structure is the general corporation. This is referred to as the C corporation. The advantages of this type of corporation structure includes limited liability, ease of transfer of ownership, and capability of raising capital. In the US, there are also certain tax advantages offered to general corporations. Disadvantages of a general corporation include double taxation and expense and complexity of forming the company. In addition, there is more of a separation between the ownership of the company and the decisions made by the company in running its affairs. A sole proprietor can make a decision and put it into action shortly thereafter. Major decisions in a corporation must be reviewed and voted on by the
