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2
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1answer
41 views

Deadline for Electing S-Corp Status — What does it mean?

Got a new gig as a contractor, and I am considering forming an S-Corp for various reasons. I have seen a few references to the deadline for electing S-Corp status being March 15th. One example: ...
2
votes
1answer
66 views

Insider trading of a linked security like an ETF your company has a heavy weighting in

Let's say you work for Apple, Inc as a middle class employee. This is a large publicly traded company. By the very nature of your employment there will be limited times that one can make purchases and ...
1
vote
0answers
32 views

How to evaluate different account (RRSP, TFSA, …) and investment types (equities, bonds, cash) combinations

If I make $1 tomorrow, I can put that $1 in several accounts: Personal non-registered account Personal RRSP account Personal TFSA account Pay down mortgage Leave in corporation and take out later ...
4
votes
1answer
354 views

How to pay myself as a single person corporation in Ontario? Should I get an accountant?

I'm an IT contractor and required in some of my contracts to have a corporation. I created my corporation, opened a corporate account and have been collecting income for about 6 months now... ... I ...
2
votes
1answer
124 views

Filing federal taxes for C-corp with no income

I started a startup in November, established as a C corporation. We made a single payment to a lawyer to have him file the papers and write the bylaws (payment was from my personal account). We didn't ...
4
votes
1answer
152 views

What forces cause a company to write down goodwill?

Consider TimeWarner: In 2002, $128Billion of its $209Billion in assets was Goodwill. What forced them to write down this goodwill to $37billion a few years later?
5
votes
2answers
114 views

Is this formula accurate for weighing the difference between an S-Corp and LLC?

I have been doing much research before deciding on a S-Corp or LLC for an online start-up (2 people, software as a service). I've read lots of explanations of the two and their differences and I've ...
5
votes
1answer
121 views

Is building a corporation a good option?

In Robert Kiyosaki's "Rich Dad, Poor Dad" he talks about building a corporation and doing transaction through it instead of doing them yourself, directly. There seems to be a lot of advantages in ...
1
vote
2answers
1k views

Where can I find historical rates for corporate bonds?

Are there databases that track corporate bond interest rates and rates of return? How do I get access to them?
3
votes
1answer
140 views

Better ways to invest money held by my small, privately-held Canadian corporation?

I own a small, privately-held corporation and am looking for ways to invest my corporation's money more effectively. The problem is the government taxes passive investment income inside a corporation ...
1
vote
2answers
85 views

Is an offshore investment corporation a better tax deferral arrangement than a 401k?

I would like to consider the tax deferral provisions afforded to US Citizens. If my corporation formed in a jurisdiction outside of the United States and held US Treasury Bonds (for example) gaining ...
8
votes
3answers
983 views

How much power does a CEO have over a public company?

I want to invest in a public company and I want to know: Exactly how much power does the CEO has over what the public company does? Can a CEO control a public company even though he doesn't own a ...
3
votes
2answers
117 views

How exactly could we rank or value how “rich” a company brand is?

I've just read http://www.bloomberg.com/news/2011-05-09/apple-brand-value-at-153-billion-overtakes-google-for-top-spot.html and it says Apple's brand value is $153.3 billion and Google's is $111.5 ...
2
votes
1answer
82 views

Are there any issues with registering an LLC in a foreign state?

This topic has probably been beaten to death, but just want to double check with you guys. I'm currently in NYC, although I do not plan on living here (my parents are here tho). I have a web ...
3
votes
1answer
1k views

In Canada, can a limited corporation be used as an income tax shelter?

I've heard this old chestnut from various people over the years but have never been able to find any solid information on the process and thus, never put it to the test. The claim is that if you plan ...