C Corporation – this legal term finds application within the area of the Corporate & Business Law in some legal systems. There it refers to a specific type of business corporate entity, established by the local government for public purposes (i.e. not for the benefit of private parties or individuals). This means that all the income acquired by the company during its business practice will be handled by the government and deposited in the budget of the country. Or alternatively, it could be invested in other public developments. Such companies do not share dividends to their owners and shareholders.
Somewhere called “C Company”.
See also “Limited company”
