This simple question was the inspiration for creating an article describing the benefits of an S Corporation. That original article, which was about four pages long, quickly became a series of Knowledge Base articles on the WCG website. The articles touched on basic topics such as how to elect...
To structure an LLC like an S Corporation, you will have to appoint directors. The primary owners can be appointed. Keep in mind the S-Corp directors are responsible for keeping the corporation operating in good standing with the state, managing the corporation’s business including annual/quarte...
Drafting, filing, and abiding by company bylaws regarding: Board composition and voting procedures Stock issuance Scheduling of annual meetings Filing an annual report Maintaining a registered agent Formation costs While costs can vary, forming a corporation can be more expensive than other business ...
C corp to S corp is a process that has a significant potential for valuation changes when a conversion takes place from a C corporation to a flow-through entity. When a conversion takes place, there is an increase in uncertainty in regard to the appraised valuation of an S corporation. A...
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...
According to Chiaino, this section of the law states that “...if, for a period of one month after the date fixed by or under the bylaws for the annual meeting of shareholders, or if no date has been so fixed, for a period of 13 months after the formation of the corporation or th...
Some sections simply require a check mark for applicability or a 'yes/no' mutually exclusive selection. Other areas (such as the purpose of the corporation) require written response. As designated by the top of the form, this specific article of incorporation document template is for specific us...
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
Understanding the Annual Report 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 b...
offices and doing business in California.Under the prevailing U.S.rule of comflict of laws,theinternal law of the corporation is governed by the stautes and case law of the state of incorporation.Internal matters of a corportion are governed by its own Articles of Incorporation and Bylaws ...