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Can Indian tribes legally form limited liability corporations with non-Indian entities then sell stock in a casino built on trust property?
I can see where the Indian tribes can legally form limited liability corporations with non-Indian entities but that is where your theory is probably going to end. Limited liability corporations cannot sell stock because the ownership is nontransferable. There would also be some major issues with the property....if you dig deep enough I'm certain you would find prohibitive verbiage about selling stock to non-Indian shareholders based on the trust setup.
What else can I help you with?
Can a LLC buy property in California?
Yes, an LLC or Limited Liability Company may hold entities such as property.
What tax has individuals corporations legal entities?
Individuals typically pay income tax, while corporations pay corporate income tax. Legal entities such as partnerships or LLCs may be taxed differently depending on how they are structured, but may also be subject to income tax. Additionally, all entities may be subject to other taxes such as sales tax, property tax, or payroll taxes.
Can domestic corporation acquire a real estate property?
Yes. Corporations acquire real property all the time.Yes. Corporations acquire real property all the time.Yes. Corporations acquire real property all the time.Yes. Corporations acquire real property all the time.
What is the difference between Property owner's liability and Tenants liability?
Property owners Liability is the financial , legal liability attaches to property owners due to their property, where as tenants libility vice versa
What are the Similarities of partnership and corporation?
Both partnerships and corporations are business structures that allow for the pooling of resources and sharing of profits. They can both enter contracts, own property, and sue or be sued. Additionally, both types of entities can provide some level of liability protection, although the extent varies, with corporations generally offering more protection to their owners. Lastly, both structures can be taxed, though the tax implications differ significantly between the two.
How should a Canadian own real estate in the US?
It depends on many factors; will the property be used as a second home or as a business (e.g. rental), is your worldwide net worth large enough to be concerned with US nonresident estate tax, what state is the property located, etc. In general there are two ways to own property, directly (in your own name) or indirectly (using an entity). Forms of direct ownership are Joint Tenancy With Rights of Survivorship, Tenants in Common, Community Property, Community Property With Rights of Survivorship, Tenants by the Entirety. Potential entities are corporations, partnerships or trust. All of them can be either US or Canadian entities. Canadians should never use Limited Liability Companies (LLCs) and in most cases should not use corporations because of double taxation. There are a couple of books on the subject that you can check out.
What tax is imposed on individuals corporations and legal entities?
The tax imposed on individuals, corporations, and legal entities is primarily income tax, which is levied on their earnings or profits. Individuals typically pay personal income tax based on their taxable income, while corporations are subject to corporate income tax on their net profits. Additionally, legal entities may face other taxes such as capital gains tax, property tax, or sales tax, depending on their activities and jurisdiction. Each tax type has specific rates and regulations that vary by location.
How does one get a release of liability?
One gets a release liability when property is newly purchased by someone. When the property is purchased the release liability ensures that the owner of the property will pay of debt.
Why corporation defined as an artificial being?
Corporations are considered artificial beings because they are created and recognized as distinct legal entities separate from their owners or shareholders. This distinction allows corporations to enter into contracts, sue and be sued, own property, and conduct business activities independently of the individuals who established them.
What are the two type of coverage provided by a homeowners insurance policy?
Property and Liability
What is personality in business law concepts?
In business law, personality refers to the legal recognition of an entity's ability to have rights and obligations. This can apply to individuals (natural persons) and organizations (juridical persons), such as corporations or partnerships. Legal personality allows these entities to enter into contracts, sue and be sued, and own property. Understanding personality is crucial for determining liability and the legal capacity to engage in business activities.
Is A property or liability insurance policy a business or liability contract?
A property is not a contract or a business. A liability insurance policy is a kind of contract but not a business. the answer is b...
