United States C Corp vs SP

C is a legal entity in the United States, the full name is Corporation. It is a type of company with limited liability and consolidated ownership. Unlike other companies, C does not publicly participate in the market, meaning it does not issue stocks to the public. According to the law, C only needs at least one shareholder and one director to be established. Unlike other companies, C does not need to appoint a legal representative or have a local resident serve as a director. In addition, C does not need a company secretary. The minimum registered capital starts at 1 US dollar and does not require capital verification. In general, C is a flexible and simple legal entity suitable for small businesses or individual entrepreneurs.