A c corporation (or C-corp) is a legal establishment wherein the owners, or stakeholders, are taxed independently from the organization. The most common type of business, C corporations, are taxed on their profits.

In the United States, a limited liability company (LLC) is a corporate structure that shields its owners from personal accountability for its debts or obligations.

An S corporation, often known as an S subchapter, is a corporation that complies with specified Internal Revenue Code regulations.

If you're wondering what incorporation is, you're looking for information on the process of forming a legal framework for an organization.