Corporations are business entities formed under state law. They are characterized as artificial persons created for the purpose of conducting business. As such, they can hire employees, enter into contracts, acquire assets, and incur liabilities. Generally, corporations enable their shareholders to limit their liability to the extent of their investment in the corporation. This course introduces C corporations by exploring definitions, characteristics, nontax considerations, and tax advantages and disadvantages of operating as a C corporation.

By proceeding to the examination, you acknowledge and confirm that you have completed the required coursework.