A Corporation, or C-Corp is one of the most rigid corporate structures though it also is one of the most flexible in terms of being able to mix ownership and management interest, obtain financing from the public, and to give owners (shareholders) a way to easily transfer their ownership interest to another owner. A corporation is a separate entity, apart from any of its owners. Depending on its size, number of shareholders, and area of business, it may be subject to regulation from a variety of state and federal agencies, including the Securities and Exchange Commission.
Owners of a corporation are issued shares of stock which may or may not carry voting rights. Depending on the operation of the business, owners are generally not liable for the debts of the corporation beyond their initial capital contribution. Additionally, stock in a corporation can typically be owned by any real or artificial person (other corporations) and is freely transferable, unless specifically restricted on the stock or by agreement.