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California C CORPORATIONA California C Corporation, also known as a "stock" corporation, is the most common corporate structure. A California C Corporation is a legal entity which is considered independent of its ownership, and may have an unlimited number of stock holders. Also, a California C Corporation is a separate legal entity, liability is usually limited to the corporation. Personal assest of the owners are usually not assessable to repay the corporation's debt. Its profits are taxed both at the corporate and individual level, it must comply with the greatest number of formalities, and it has no limit on the number of shareholder. In California, one person may own all the stock in an C Corporation and act as the corporation's only employee while still maintaining protection from personal liability.
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