Question

a c corporation feature:

select one:
a. no board
b. pass-through tax by default
c. double taxation
d. no liability shield

Explanation:

C corporations are subject to double taxation: the corporation pays taxes on its profits, and shareholders pay taxes again on dividends received. Option a is incorrect because C corps require a board of directors. Option b is wrong as pass-through taxation is for entities like S corps or LLCs, not C corps by default. Option d is false because C corps provide limited liability protection (liability shield) for owners.

Answer:

c. Double taxation