Is seagate a corporation or just a company?
Answers
788 points
DaveDiggz answered 7 months ago …
Corporation and company essentially mean the same thing. The structure of a corporation/company is what changes from entity to entity. However, publicly traded companies are usually C-Corps. For a quick description and definition of all the corporate structures check out this table:
http://www.themoneyalert.com/Corp-Entity-Table.html
2082 points
alanj answered 7 months ago …
There are many tax advantages of a company incorporating. And with a company as big as Seagate they would undoubtedly be a corporation. In fact any company you see listed on any of the major exchanges would/should be incorporated. Seagate is listed as an LLC (limited liability company). This is a corporation.
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2222 points
readytoretire answered 7 months ago …
Seagate is a LLC or Limited Liability Company. A LLC is a hybrid of a regular C corporation and a regular company. It has the advantages of having the limited liability like a corporation, but come tax time, it sends the owners a statement of how much it made. If it is doing well, maybe it will send some cash also. The stockholders do not receive a dividend (before a C corp. can pay a dividend, it has to pay income tax on its profit, so dividends are what is left, and then you get to pay taxes on them), but normally get a share of the profit. If the company decides not to pay out any cash, the stockholders still have to declare the amount of net income the LLC made, so they may end up paying taxes without getting anything. The advantage is that normally, the stockholders get the additional 30% that uncle sam takes before a C corp can distribute anything. A LLC is similar to an S corp. but has some different rules, such as the limit on number of owners of a S corp.
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