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If a person was given 1000 shares of a privately held corporation and then signs some or all of those shares back to the corporation is there any tax events that need to be considered?
Wiki User
∙ 15y ago
It would depend if the person received consideration for the the return of the shares and/or the original acquisition regards and hope this helps bill@wamstaxltd.com
Wiki User
∙ 15y ago
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How big is a corporation?
A corporation can be any size, what makes it a corporation is that it issues shares and is owned by its shareholders. In principle one person could create a corporation and buy all of its shares himself, making it a privately held corporation with only one shareholder (but this is rare).
One person forms corporation and holds all the shares are they considered the owner of the corporation?
Yes.
When would a private investment be considered?
A private investment would be considered when a person or company has assets they would like to invest privately. Generally a private investment would be made in a non-public company.
What is the voice of Things Fall Apart?
This would be considered the narrator, an impartial third-person perspective on the events.
What is created by operation of law in corporation?
One thing created by operation of law in a corporation is the separate legal entity, which means the corporation is considered a legal "person" distinct from its owners. This allows the corporation to enter into contracts, sue and be sued, and own property in its own name. Additionally, the bylaws of a corporation are another key aspect created by operation of law, outlining how the corporation will be governed and managed.
Are autobiography fiction or nonfiction?
Autobiographies are considered nonfiction because they are written by the person who experienced the events being described. They recount real events from the author's life.
Why might it be important to structure your business as a C corporation even if you are the only person running the business?
Why might it be important to structureyour business as a c-corporation, even if you are the only person running the business? Describe a corporation's organizational structure. what are the roles of the various groups within the organizational structure?
What 2004 Canadian documentary argues that if the corporation is a legal person then the corporation is also clinically psychopathic?
The Corporation
Can a corporation be a partner in a partnership?
Yes. A corporation is an artificial person but is a person according to the law and thus can be a partner in a partnership.
Can one person be a corporation?
One person cannot be their own corporation. This is because there are too many jobs to be done by one person efficiently.
What does it mean when someone says a corporation is an artificial person created by law?
It basically means that for certain legal purposes, a corporation is similar to a person. For example, a corporation can own property, and have certain responsibilities.
What does it mean when someone says that a corporation is an artificial person created by law?
It basically means that for certain legal purposes, a corporation is similar to a person. For example, a corporation can own property, and have certain responsibilities.
