S corporation designation is ideal to minimize self-employment taxes while maintaining legal protections. For example, say you’re running a consulting firm that makes $150,000 annually. As an S corp, you could take a salary of $80,000 (subject to employment taxes) and the remaining $70,00...
Form of Surviving Corporation Bylaws. Exhibit G-1...Form of Tax Representation Letter to be delivered by Parent and Merger Sub
A corporation's annual report is usually an illustrated, thick booklet. It is a professionally created document that often resembles a printed magazine. It is intended for shareholders and distributed directly to them before the annual shareholders' meeting, either by mail or email.1It is also...
Most states also require the articles to state the firm’s purpose, though the corporation may define its purpose very broadly to maintain flexibility in its operations. Amazon’s certificate of incorporation, for example, states that the corporation’s purpose is “to engage in any lawful act o...
The biggest risk of failure for your startup happens right at the start—not setting up a viable legal foundation. Here's how to get those legal ducks in a row.
This makes sense; dividends being used to pay for services truly are wages. If Google or Amazon pays out a dividend to its shareholders, it is considered investment income. If your S corporation does the same thing to its only shareholder without an accompanying reasonable shareholder wage, then...
aThis certificate and the shares represented hereby are issued and shall be held subject to all the provisions of the Articles of Incorporation, as amended, and the Bylaws of the Corporation, as amended (copies of which are on file at the office of the Transfer Agent), to all of which ...
LLC stands forLimited Liability Corporation; it may also be known as a sole proprietorship. Forming an LLC can provide legal protections for the owner from; lawsuits, and liability protection, and makes the business a legal entity. Because the business is its own entity under theLLCdesignation,...
Articles of incorporation assign a corporate form— like a Corporation, S Corp, or LLC—and liabilities to various entities. Bylaws set up rules about how your firm runs, can help resolve disputes, and more. Founder/Shareholder Agreements If there are multiple founders or shareholders, this ...
Manual of penal clauses of by-laws of the Corporation of the city of Victoria, B.C. and of certain statutes of the Province of British Columbia [electronic resource] /Wellington J. Dowler