0
The profit retention for an s corporation is higher. This is as a result of being exempted from federal taxes and enjoys many tax advantages.
Wiki User
∙ 9y ago
Add your answer:
Earn +20 pts
Is a portrait of the corporation over a specific period of time which shows the corporation's earnings and expenses?
profit and loss statement.
What corporations paid no taxes?
Corporation tax is paid on company profit (not turnover). Companies that made no profit pay no corporation tax. They do pay tax in other ways. National insurance, for example, and effectively make a contribution to VAT and income tax. Companies have various ways of reducing the declared profit, and thereby reduce the amount of corporation tax paid
What states are exempt from state tax?
501-C3 Non-Profit Corporation
Who pays taxes within an S corporation?
Corporation Shareholders
Who pays the taxes within an S corporation?
Corporation Shareholders
Is an S Corporation a Non Profit?
No, the S Corporation is a profit corporation. Whenever they make loses or profits, it is usually divided among the shareholders.
What is domestic profit corporation?
domestic Profit Corporation
What do you call a business in which many investors own shares?
PLC public limited company Other terms: - For profit C-corporation. - S-corporation.
What is the difference between corporation and nonprofit corporation?
A corporation such as Microsoft tries to make as much profit as possible where as a non profit Corporation such as a hospital isn't looking to make money
What has the author John Ford Whitworth written?
John Ford Whitworth has written: 'The creation of corporations for profit in Pennsylvania' -- subject(s): Corporation law 'The corporation laws of Pennsylvania, 1903-1905' -- subject(s): Corporation law, Forms (Law)
Where does most of your profit come from owning a convience store?
Customer retention
Can a corporation have a non-profit corporation?
Yes, to take care of all the other biz which is non-givernmental n profit oriented.
How you can know about a corporation type?
Whether it is a profit or non-profit corporation can be ascertained from the company prospectus, its nature of activities,future plannings etc.
Is the American Red Cross non profit?
The American Red Cross is a nonprofit corporation.
What are some advantages to having an S Corporation?
Some advantages of having an S Corporation are allowing company owners to only be taxed once. Any profit made, goes to him so he will then be taxed once rather than twice.
Who gains profit in a corporation?
Normally the shareholders.
What is a cash payment from a corporation's profit?
dividend.
