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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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103 views

Form W8BEN-E type of beneficial owner

I just opened a FZE in UAE. An FZE is technically a LLC with a single shareholder, who owns 100% of shares, and who is also self-employed with a defined salary and a payroll. I'm filling out form ...
-1 votes
4 answers
189 views

What is the benefit of WB shelving finished movies? [closed]

WB Discovery are in hot water due to their decision to shelve several already done movies and not releasing them, Batgirl and Coyote vs. Acme among them to get a tax write-off for them. I don't ...
0 votes
1 answer
120 views

As an investor of a business, how do you prevent the founder from holding back growth? [closed]

If you are an investor who owns 30% of a business and the founder owns 70%, how do you prevent a situation where the founder decides to always take profits and not reinvest them to grow the business? ...
0 votes
1 answer
248 views

Best way to pay myself from a C-Corp

I am a US citizen, and I own a C Corporation that is used to receive payments for contract work that I do. I estimate that I will earn about $250k this year in it. What is the best way to pay myself ...
0 votes
1 answer
192 views

Taxes on a Delaware corporation, if there is no physical presence?

On Carta and elsewhere, I have read the following: Delaware also doesn’t require any state taxes for companies that are registered there but aren’t physically located in the state. What exactly is ...
1 vote
0 answers
41 views

Joining Non-US Business as US Citizen, re-incorporate in the US? [closed]

The Situation I, a US Citizen, have the opportunity to become a Co-Founder / Shareholder in a small non-US Company (currently incorporated in the EU). What I have seen so far suggests that there are a ...
1 vote
0 answers
142 views

CT61 form for HMRC (corporation tax UK)

I recently created a company in the UK for occasional work as a locum pharmacist. I get paid by pharmacies for hours worked. Following advice from HMRC, I recently pulled out £500 of the company that ...
1 vote
0 answers
46 views

What is the point of being able to exercise Dissenter or Appraisal Rights in a publicly traded company?

In the Interactive Brokers list of fees for Corporate Actions & Dividend Processing, there is a "$100 + external costs" fee for "requests to exercise Dissenter or Appraisal Rights&...
1 vote
3 answers
407 views

The minimum a Canadian corporation can pay to its owner

Can a Canadian Corporation pay its owner less than the minimum wage? Is there a minimum amount when running the payroll?
2 votes
2 answers
194 views

Are companies allowed to pay out more dividends than their retained earnings?

Assume that a corporation was formed three years ago with $500,000 in starting capital. In each of the first three years, it earned $100,000 and did not pay any dividends. It now has $300,000 in ...
4 votes
0 answers
111 views

Hostile takeover bid to turn company private - how does it work (current context: Musk / Twitter)?

With regard to the current coverage of Musk announcing his wish to turn Twitter into a private company, I'd appreciate some clarification: Twitter stock, according to Yahoo Finance, is owned by ...
-1 votes
1 answer
66 views

Canadian taxes: Is it possible to declare dividends for a small business corporation with no other income other than investments (passive income)?

I have a small business that is now dormant since I switched to full time employment This is a small inc created before the professional corporations were defined by the Canada Revenue Agency (not ...
0 votes
1 answer
62 views

What does "existing balance sheet cash" mean for a company, as compared to actual cash and cash equivalents?

I read that Li-Cycle (LICY), a Li-ion battery recycling company, is increasing the size of a large recycling plant. To do this: The Company estimates that the Hub will require a total capital ...
3 votes
1 answer
215 views

What's the difference between "gross profit", "operating income" and "net income"?

I received an email boasting about a company doing the following in their 4th quarter Revenues up 94% to $978m USD Operating Income up 600% to $200m Net profit of $123.9m What is the difference ...
0 votes
1 answer
98 views

How can one debt-finance a corporate takeover and then transfer debt to the company? [closed]

I'm reading about the Glazer family's takover of soccer club Manchester United nearly two decades ago. They apparently debt-financed their takeover, borrowing hundreds of millions of pounds, and some ...
0 votes
0 answers
52 views

Insurance Liability for a recently registered Ontario corporation

I just registered a corporation in Ontario, and I'm about to get a contract from USA as a Programmer. I applied for a general liability insurance online in many sites, but they keep rejecting it ...
1 vote
2 answers
260 views

Setting up a corporation for family finances

Jurisdiction: Canada Could I set up a private business corporation in Canada to handle my family finances (eg. pay rent, car repairs, even groceries). What are the ramifications? Why doesn't everyone ...
2 votes
3 answers
2k views

What is the valuation of a company based on?

What does the valuation of a company mean, exactly? What is it based on and how is its "correct" value calculated? For example, a valuation of $1 million for a company that has had $50k in profits ...
1 vote
3 answers
326 views

To what extent are companies' owners not responsible to pay back money that they waste?

I've always been confused by this. Apparently, as I understand it, you can register a company for a small sum of money in Western countries, for example the USA or Sweden, which then become its own &...
1 vote
0 answers
32 views

IRS filing obligations for non-resident shareholders of a US c-corp [closed]

I'm thinking of forming a micro-sized US c-corp and I have some questions related to the filing obligations. I plan to have two non-resident shareholders on board, one non-resident individual holding ...
1 vote
2 answers
221 views

Do corporate executives have a fiduciary duty to maximize the value returned to investors?

I have repeatedly heard that corporate executives have a fiduciary duty to maximize the value returned to investors. I have also repeatedly heard exactly the opposite: that there is no requirement ...
1 vote
1 answer
48 views

If a LLC doesn’t file as a corporation on federal income tax, what are other options?

What are other filing options for no income LLCs?
1 vote
0 answers
73 views

Federal NOLD vs Florida NOLD

I'm considering opening a corporation within the State of Florida. Although, I'm trying to understand the Corporate Short Form Income Tax Return. Florida Short Form F1120-A Line 1 (total income) Line ...
1 vote
1 answer
55 views

Does the owner of a corporation need a W2 for personal taxes if the Corporation revenue was 0 and didn't make any money?

I the owner of a C-Corporation that didn't have any revenue in 2020. I am filing my personal tax returns and was wondering if I need a W2 issued by the Corporation with 0 income or can I just report ...
1 vote
0 answers
74 views

Incorporating a Canadian business with a US founder

I'm a Canadian citizen who is a American permanent resident residing in the USA. My cofounder is a Canadian citizen residing in Canada. We are incorporating a business that will be operating in Canada ...
2 votes
0 answers
1k 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 ...
0 votes
1 answer
70 views

Unpaid accrual expenses [closed]

Let's say for-profit corporation ALPHA INC. borrowed $1M from person JOHN DOE, who is also an executive officer of the corporation. The corporation ALPHA INC. uses accrual accounting method, while ...
2 votes
2 answers
4k views

Is there a minimum limit where a limited company can pay zero corporation tax?

I am self-employed, I have a limited company, there is only myself in the company. Last year I only earned just over £5,000, I have just received the final accounts from my accountant saying I need ...
0 votes
2 answers
207 views

Benefits of being paid as corporation - USA

I see a lot of articles describing how many corporations (notably Amazon) pay minimal/zero tax. What prevents me from having my employer pay my salary to a corporation I set up and having the corp use ...
0 votes
1 answer
44 views

Converting a personal business into a Company & its taxation advantages

I've often read opinions about taxation advantages of converting a personal business to a company but a point which confuses me is wouldn't the lower corporate tax rate be offset by the income tax ...
0 votes
0 answers
57 views

Seeking Equity Split Advice between four co-founders, two of them who have invested money and two who haven't

Founder A,B,C,D are equally responsible for the execution and the idea. At the pre-development stage, Founder A invests $12,500 and Founder B invests $7,500, whereas Founder C and D aren't investing ...
1 vote
0 answers
28 views

How to report a C corporation's post-dissolution expenses?

We're filing 2019 Form 1120 for a C corporation (XYZ Inc). In January 2017 my cofounder and I incorporated XYZ Inc in Delaware and registered it as a foreign corporation in Connecticut. We dissolved ...
20 votes
1 answer
3k views

I received a share of Apple stock. Now what?

For my 13th birthday, I received a single share of AAPL, Apple Inc. I framed my certificate, and placed it up on my wall, but what else can I do? I am aware of the basic mechanics of buying and ...
0 votes
1 answer
203 views

Does it make sense to set up a corporation in Ireland to protect your wealth?

I am 25 years old, from Ireland, and am looking at getting started investing in the stock market. I’ve started reading Rich Dad Poor Dad. One of the main pieces of advice given in this book is that ...
0 votes
1 answer
194 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 ...
1 vote
4 answers
1k 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 ...
1 vote
1 answer
149 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 ...
1 vote
1 answer
152 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 ...
0 votes
0 answers
52 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?
3 votes
0 answers
64 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 ...
1 vote
2 answers
210 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 ...
1 vote
1 answer
1k 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 ...
11 votes
3 answers
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 ...
3 votes
2 answers
3k 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 ...
3 votes
3 answers
1k 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-...
1 vote
1 answer
352 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 ...
1 vote
1 answer
228 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 ...
1 vote
0 answers
52 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 ...
6 votes
1 answer
289 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 ...
1 vote
1 answer
80 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 ...