Questions tagged [corporation]

a generic tag for company with shareholders. There are some specific tags for specific company types like limited-liability-company, s-corporation, limited-partnership, sole-proprietorship,

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11 views

DTAA applicable when an Indian owns a C Corporation in US?

I'm an Indian citizen residing in India. I'm getting ownership in a US C Corporation based on my contribution in the product development. There will be no capital investment from me. I'm negotiating ...
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1answer
177 views

Is it legal to issue free stock? [closed]

Are there legal obstacles to issuing free stock? Along with no promise of any return. Do you still need to be a corporation to do so? The money comes from payments made elsewhere for products and ...
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4answers
616 views

When first incorporated, I created 100,000 company shares worth $1 each. What does this mean?

When first incorporated, I created 100,000 company shares worth $1 each. What does this mean? Does the value mean anything? Because I just started, no capital was paid. Do I also have to pay Capital ...
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1answer
108 views

Corporation Tax Help?

I’m hoping some of you may be able to help, as I am not very well versed in the tax department. Here’s my situation: Last year, I started doing work for a company that required us to be self ...
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1answer
133 views

If I plan to get investments later, should I start a C Corp now? Or LLC then convert to C later?

Should I start an LLC then convert later once it is time for investments? Or just start as a C-Corp now? At the moment what I have are open source software tools, and ideas on how to monetize them ...
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51 views

Should I create a corporation, even if I won't make money or receive funding until later? [duplicate]

Suppose I may not be profitable, make any money, or receive funding for another year. Should I still create the business entity now?
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0answers
59 views

What benefits and risks do American C-corps have for investors in Europe?

In Europe the start-up investor climate seem quite different from what investors and entrepreneurs experience in the US. As I am being part of a few different EU based startups I am confronted with ...
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2answers
199 views

Are wages from a corporation always immediately tax deductible? [closed]

Suppose a corporation which constructs apartments and rents out those apartments expects to start earning money in its fifth year. Can it then just increase construction in that fifth year to create ...
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1answer
899 views

Handling expenses for corporate tax in GnuCash

I am very new to the whole concept of book-keeping (Read GnuCash help - that's it) at the moment and was wondering if I could get some pointers in here. I am running a micro limited company (One ...
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3answers
10k views

Why do banks require small businesses to open a business bank account instead of a cheaper personal one?

I understand the need to separate personal finances and the business finances, be it sole-proprietorship or incorporation. I also understand that in the former it's optional, but in the latter it is ...
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2answers
2k views

H&R Block says form 1120 not finalized? IRS won't take it yet?

So basically I'm a new business. I bought H&R Block's Premium tax software to file my return. I fill out the form, and at the very end I get an error message saying "This product is not yet ...
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3answers
287 views

$10,000 was accidentally transferred to me instead of my company

As a result of a business competition we won for school, $10,000USD was transferred from my University's Accounts Payable department, to me. It should have been transferred to my business, a C-...
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1answer
107 views

Where is my principal place of business UK based?

I am in the process of setting up a company and trying to research everything before making the first step. Though I do not live there, I intend to register the company at my parent's address so that ...
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1answer
72 views

Why 1099-MISC for LLC but not a corporation?

I have a couple side gigs, and every January I get a little annoyed because I need to send out 1099-MISC forms for various payments to contractors and the like. According to IRS rules you must send ...
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0answers
44 views

What are the US tax implications of owning a controlling stake in a UK private limited company?

I'm currently a US resident alien. What are the tax implications of owning a controlling stake in a UK private limited company? It is unclear how complex filing is and what financial implications ...
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1answer
241 views

Why is investment income generated in a corporation taxed at a higher rate than when it is generated for an individual?

I often have a hard time understanding my accountant so I ask others to interpret what he said. I welcome insight from experience gained in any country with similar tax laws (doesn't have to exactly ...
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1answer
59 views

Can I purchase and sell a property through my c-corp if I have a personal tax lien with my state?

I would like to execute a simple contract assignment (double closing) on a real estate deal. The initial title work came back an there is a lien against me personally for taxes owed to my state. I ...
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0answers
141 views

ISIN - First 2 Letters : Issuing Country vs Domicile Country

I have a question regarding how the logic in the ISIN structure work for the first 2 letters. It is mentioned the following : The first two characters are the alpha-2 country code, in accordance with ...
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2answers
842 views

Bank loan responsibility for corporation partners

I own 25% of a small corporation. My partner (who owns the other 75%) and I took a loan with a bank (TD). We both had to give personal guarantees. Am I only responsible for 25% of the loan? If we go ...
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1answer
38 views

What does it mean on a 10-K balance sheet when a field is blank for a single year?

I am looking at a corporate balance sheet in a 10-K for Chipotle and the line for Long term investments is $125b for 2016, but blank for 2017. What does it mean when a company doesn't list this info ...
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1answer
95 views

Does market cap include ALL shareholders, including a company's founders and largest institutional investors?

If a given company has a $100B market cap, does that include all of its shares, or is that only the ones which are publicly traded? Are the founders' shares included in the count, as well as those ...
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2answers
906 views

Is there a standard ratio of preferred shares to common shares in a company?

I'm confused about how common and preferred shares coexist. Is a single preferred share always equal to the same amount of the company as a single common share, or does a preferred share somehow ...
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1answer
184 views

Are the CEO's earnings different from the company's earnings?

I am a resident of Ontario and I am planning to go to University in September. Upon applying for OSAP I was asked what my monthly salary while in school will be (excluding time away from school). I ...
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1answer
57 views

How to ask investment for one saas product of many? [closed]

I have a company that will have many saas products under it . For now if I ask investment, do I have to offer equity of company just for that one product? Is there a way I can offer equity of just ...
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1answer
342 views

Difference between Property/Casualty and Personal Auto insurance

I’m looking for distinct differences in Property/Casualty Insurance and Personal Auto insurance. Im analyzing various insurance companies and their respective loss, expense, and combined ratios and ...
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1answer
219 views

My software business makes nothing for years, then a big chunk of money all in one year. Is a C-corp the best structure for tax purposes?

I make video games by myself for a living. This process involves many years of unpaid work before a game is released, and then a sudden "windfall" type wave of money when the game finally comes out. ...
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2answers
115 views

Can credit worthiness be transferred from me to a business?

I'm interested in incorporating in order to put my rental business under a business umbrella. Right now it is just me (no business papers, but I report income to the IRS). I am wondering: can my ...
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3answers
289 views

What is the advantage to a company (airline, retailer, etc.) of having a branded credit card?

I enjoy the benefits of an airline's "signature" credit card: miles per dollar spent, an annual travel incentive, waived fees, and the like. I wonder what the airline gets out of the deal.
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3answers
5k views

If a company that doesn't pay dividends makes a large profit, where does it go?

Does the company have a responsibility to reinvest all of it? Can a company have a lot of money just sitting around? Is that grounds for shareholders to sue? If a company has a lot of money just ...
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2answers
80 views

Are reinvested profits still “profits”?

Let's say I run a restaurant for a quarter and the cost of a served meal includes the ingredients, service labor, and utilities and monthly mortgage payment for the restaurant building, totaling $8.40....
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1answer
48 views

Corporate Coverdell ESA Tax Liability

Say John has three kids, Alice, Bob, and Carl, and sets up an ESA for each child. Also, John's income is too high to contribute to the ESA himself. Can he have a non-deductible corporate contribution ...
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0answers
318 views

Tax rates when C-Corporation pays salary to the owner who is non-US resident & non-US citizen

I am non-US resident and non-US citizen (i.e. NRA, nonresident alien). I would like to open C-Corporation in Florida. I would be the only owner and shareholder of the C-Corp. I know what are the ...
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3answers
3k views

Where can publicly traded profits go but to shareholders via dividends?

Some companies don't pay dividends. Some companies accumulate money like the offshore "exiled" or expatriated cash piles of the likes of Apple and friends. So I suppose that corporate profits can be ...
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1answer
147 views

Dormant company, never paid taxes, never traded in UK - should I have notified the HMRC?

I opened a LTD company for a startup, in order to reserve the company name, back in 2013. I sat down with a freelance accounting (whom I am not in touch with)to set the company up. He informed me that ...
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3answers
6k views

CEO entitlement from share ownership?

If I own shares of a company, am I entitled to apply as position of CEO? Who decides? Do I have more clout within the corporation to gain positions of work in the company than a non-holder? What kind ...
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2answers
187 views

How could this sort of bankruptcy fraud be caught?

Somebody I met claims that some 'shady' business owners out there can create a company with the purpose of paying for an expensive service - then make that company file for bankruptcy to avoid paying ...
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0answers
364 views

As a US citizen, how can I live in Austria, do business with the US, and set up my business in a legal, tax efficient manner?

I am a US citizen, and professionally I am an independent software developer contractor. I want to live in Vienna, Austria but still contract with companies from the United States and work remotely ...
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4answers
61k views

How can I lookup the business associated with a FEIN?

I have a FEIN (Federal Employer Identification Number) and need to locate the business or non-profit that has been assigned that number, how can I look that up only given the FEIN number?
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2answers
167 views

Why be a nominal shareholder in an ASX listed company?

I bought a copy of the share register for an ASX listed company today, and I was surprised to see around a hundred entities holding some nominal number of shares (usually one). In fact, I found about ...
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1answer
44 views

Tax Setup on United States bank account(s)

I have a single-member LLC with several bank accounts for the LLC. Currently, the tax return for this company is included on my personal 1040 (under my SSN) using a Schedule C. I happened to notice ...
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4answers
243 views

Why should a company go public?

For someone who holds stock in a privately held startup (through exercised employee options) is it preferable to see the company aiming to go public so that stock can be sold on the open market? It ...
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2answers
4k views

What does this diagram from Robert Kiyosaki about corporations mean?

I am trying to understand this diagram of corporations from "Rich Dad Poor Dad." I can't really make sense out of this diagram.
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1answer
115 views

What does “Income generated in the U.S.” mean?

Quoting from Stripe.com - Incorporation - Why should I incorporate in Delaware?: [...] Pay federal income tax on income generated in the U.S. Does that mean I cannot do any business with any ...
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1answer
79 views

Saving personal income tax from job using corporation

Is the following way of saving income tax legal? Lets suppose my annual salary is $1M/year from a job. In order to save taxes on various items like car and regular expenses like lunch, I make a ...
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3answers
10k views

Who receives the money when one company buys another?

I read this article about Bayer buying Monsanto. The question which came to my mind was: Who receives the money? If Monsanto receives the money, and Monsanto becomes part of Bayer, then doesn't ...
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2answers
188 views

What happens if a company I have stock in is bought out?

What is the practical consequence of a buyout for a retail stockholder? Does the broker automatically sell the stock for them? What if their asking price is higher than the buyout number? Do smaller ...
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3answers
2k 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 ...
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1answer
133 views

Taxes on dividends for non-resident aliens

I'm thinking of forming a C-corporation in the US that will provide consulting services. Providers ("workers") will initially be located overseas, so technically the company will not have any ...
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1answer
74 views

Do Affordable Care Act business requirements apply to “control groups?”

The Affordable Care Act (a/k/a Obamacare) imposes certain requirements, restrictions and obligations on business entities. For example, businesses that employ over 50 full time workers must ... etc. ...
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4answers
6k 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 ...