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Q: Can s corporation be personal holding company?
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If income in S corp is 100 percent rental income is it still subject to personal holding company rules and taxes?

The corporation terminates as an S Corporation and becomes an efffective PHC. But before it qualifies as a PHC more than 50% of its outstanding stock should be owned by 5 or fewer individuals.


Can corporation be a stockholder in a corporation?

Yes, a corporation can be a stockholder in a regular C corporation. A common form of this is called a "holding company" but other types of companies regularly buy stock in other companies too. However, a corporation cannot own stock of an "S" type corporation. Only actual people can own shares of an S corporation.


What is Questar Corporation gas company 's population?

Questar Corporation - gas company -'s population is 1,400.


What form of ownership is Ford motor company c corporation s corporation or llc?

s corporation


Can a Limited Liability Company later become an S Corporation?

How does a company become a corporation?


What is a s corporation?

An S corporation is one that passes corporate income, losses, deductions, and credits to it's shareholders. The shareholders then list these ups and downs on their personal income tax returns and are assessed as individuals rather than a company.


What are kinds of corporation?

There are 3 kinds: S corporation, C corporation and Limited Liability Company (LLC)


Can a collection agency freeze your business account s corp for personal credit card?

Absolutely not. An S corporation specifically protects your personal finances.


Auditor of holding company and subsidiary co?

a holding company may be resolution authorised representation in respect of books of accounts of its s


What has the author B G Pettet written?

B. G. Pettet has written: 'Company law' -- subject(s): Corporation law 'Pettet, Lowry & Reisberg's company law' -- subject(s): Corporation law


What are the 4 main business types?

C-Corporation S-Corporation Limited Liability Company (LLC) Sole Proprietorship


What has the author Francis Beaufort Palmer written?

Francis Beaufort Palmer has written: 'Company precedents, for use in relation to companies subject to the Companies acts 1862 to 1880' -- subject(s): Forms, Corporation law 'Palmer's corporate insolvency' -- subject(s): Commercial law, Bankruptcy 'Palmer's company insolvency in Scotland' -- subject(s): Corporation law, Liquidation, Bankruptcy 'Company precedents' -- subject(s): Corporation law, Forms 'The Companies Act, 1900' -- subject(s): Corporation law 'Palmer's Company precedents for use in relation to companies subject to the Companies acts, 1908-1917 ..' -- subject(s): Stock companies, Corporation law, Forms (Law) 'On Maria Edgeworth' 'Peerage law in England' -- subject(s): Nobility '(Palmer's) Company guide' -- subject(s): Corporation law