A C Corporation is a type of business structure that is legally separate from its owners, known as shareholders. This means that the corporation itself can own property, enter contracts, and be liable for debts. C Corporations can raise capital by selling shares of stock, making it easier to attract investors. One key feature of C Corporations is that they are subject to double taxation. This means that the corporation pays taxes on its profits, and then shareholders also pay taxes on dividends they receive. Despite this, C Corporations offer limited liability protection, which can safeguard personal assets of the owners.