0
Can an owner of a corporation purposely take money from a corporation so its shareholders receive nothing?
Wiki User
∙ 16y ago
The stockholders ARE the owners of a corporation.
Technically no, because of what the earlier answer says, but it is possible for the board, majority shareholders, or officers to misappropriate the corporate assets to enrich themselves at the expense of the corporation and other shareholders. This is why courts invented the "derivative lawsuit."
Wiki User
∙ 16y ago
Add your answer:
Earn +20 pts
Can a shareholder in a Subchapter S corporation elect not to receive any income from the corporation?
No, A Sub S corp is a "conduit", like a partnership. All of the income is reported on the shareholders personal tax return. Generally, all shareholders get their pro rata distribution of income based on their respective stock ownership.
What is the difference between public companies and public corporation?
in a public limited company, there is a minimum of two shareholders. in a public corporation, there is government ownership. in a public limited company, shareholders own the company and receive profits. in a public corporation, government receives any profit. Answers are 100% correct, use them. Note: Use them only if you want to pass A+, not F9.
Do you own your incorporation?
One does not own an incorporation. Incorporation is the process by which a corporation is created. In fact, one does not really own a corporation either. One may own shares issued by a corporation, perhaps even all of the shares, but ownership of even all the shares of a corporation does not mean that you own the corporation. Ownership of shares of a corporation merely gives you certain rights. These include the right to vote in the election of directors and the right to receive any dividends. A corporation exists independently from the shareholders, and is often referred to as an artificial person.
What is shareholders?
A shareholder is some one who invests money in a company or buys part of your company to receive part of the profits in the form of shares.
Who is last in line for the payment of profits?
Equity shareholders are the last in line for the payment of profits, after all other stakeholders such as debt holders and preferred shareholders have been paid. Equity shareholders only receive dividends after all other obligations have been met.
Why is it that shareholders receive dividend last?
Shareholders assume the least amount of risk in comparison to other members of a company. They are separate legal entities, which means that they are only responsible for their investment in stock(s) of the company. If the company was in a financial struggle debt collectors cannot come after shareholders for cash because they are separate legal entities. Since they assume the least amount of risk, they receive dividends last.
What kinds of reviews does the Maryland company Intelus Corporation receive?
From the looks of it, Intelius Corporation from Maryland does not receive very many good reviews. They have reviews on websites like RipoffReport and Pissed Customer.
If you were to receive 100000 from a corporation the most tax-efficient way to receive it would be?
As a dividend, but that may not be a real option.
Will Washington Mutual stock go up?
Since Washington Mutual has declared bankruptcy, the likelihood of the company's stock of going up is extremely small. Most often, common shareholders will receive nothing for their shares as the company reorganizes it's financial structure.
Do stockholders of the Greenbay Packers receive a championship ring if the team wins?
"No the stockholders dont even get a return on their investment" Actually, WHEN the Green Bay Packers win a championship the shareholders are offered a ring. It is like the director and coach get a different ring than the player ring. The shareholders are offered a "Shareholders" ring.
What are the duties of the registered agent in a corporation?
Just to receive complaints and address them in court
What is the difference between purposely and purposefully?
Purposefully: Determinedly"Okay, I've had enough of this nonsense" said father, as he strode purposefully across the room to administer our spankings.Purposely: IntentionallyWhy did you move those flowers? I purposely put them there so they could receive the morning sunlight.
