A C-Corporation Is

A C-corporation is:

A) a legal entity that must be chartered by the state in which it is headquartered, giving it the authority to enter into legal agreements with individuals and other corporations.
B) the most basic type of business organization in which there is only one owner.
C) a business composed of two or more owners who contribute the initial capital of the business and share in the profits and any losses.
D) a business that may have several general partners and several more limited partners who do not have unlimited liability.
E) an organizational form that can be limited to a single individual or several other owners or shareholders.