Advantages/Disadvantages
Pro:
What is there an unlimited amount of?
Shareholders
What "things" are not combined
Business and Worker
Only 1 class of stock is allowed
False
Cons:
Double....
taxation
Free points
:)
There are only 1.2 billion C-Corporations.
False
Cons:
There is a greater...
Administrative Burden or Regulatory Oversight
At times who votes for the board of directors?
Shareholders
Shareholders are shielded from liability unless it’s a “pierce the corporate veil”
True
Ownerships
C-Corps provides...
Limited Protection
C-Corps do not have to file a federal income tax return unless it has taxable income.
False:
Corporations are subject to filing requirements, estimated tax payments, and special disclosures.