Welcome to Montage Services. My name is Scott Went. Today, we are going to talk about corporate tax in general. This program is designed for organizations that are looking to come to the United States for the first time and want to learn about corporate tax. It is also suitable for individuals who are new to the topic of tax and want to understand corporations. Now, let's talk about Montage Services. We are a professional service company with worldwide reach. Our offices are located in San Francisco, Houston, London, Toronto, and Berlin. We are a group of accountants and tax service providers who specialize in the topics we will be addressing today. When an organization comes to the United States for the first time or a business in the US wants to set up, they are often asked what kind of business they want to be. This is an open-ended question that requires consideration. The different forms of businesses available are limited liability corporation (LLC), S corporation, C corporation, or partnership. All of these can be used for operating a business in the United States. However, in this discussion, we will focus on using a C corporation or a corporate entity. What sets a C corporation apart is that it is a separate legal entity that acts as a protective barrier around the business operations. This protects the company from potential lawsuits. It is important to note that there is double taxation involved with a C corporation. First, the company itself is taxed on its income. Then, when the company distributes cash to its owners, the owners may be taxed on that dividend distribution. For US persons, individual owners are typically taxed on dividends. For foreign persons, there may be a withholding tax on the distributed dividend. Corporations in the United States are subject...