The same way you terminate any other small corporation in the U.S.: as determined by federal and state laws, the articles, and bylaws.
The equipment would become a fixed asset of the corporation.
Dividends are income to the receiving corporation. If it is a sub-chapter S corporation, it is income to the shareholders, as is any other income of the corporation.
No. In general, Sub Chapter S corporations are not subject to the AET.
Writes a check and sends it out to the creditor.
Then the corporation that pays the employee wages has the duty to withhold any earnings according to the specific garnishment.
Yes. And its tax year end was the date of dissolution.
According to http://www.residual-rewards.com/new-hampshire-s-corporation.html, With only a few exceptions, under the Subchapter S election for taxation as a partnership the S corporation pays no income taxes and corporation income or loss is passed through direct to the stockholders. I hope that helps, Jahno B.
A private corporation continues in existence until its own owners--that is, its shareholders, who are private citizens--decide to terminate the corporation. A government corporation continues in existence until Congress decides to kill it off by repealing the legislation that created it.
A private corporation continues in existence until its own owners--that is, its shareholders, who are private citizens--decide to terminate the corporation. A government corporation continues in existence until Congress decides to kill it off by repealing the legislation that created it.
A private corporation continues in existence until its own owners--that is, its shareholders, who are private citizens--decide to terminate the corporation. A government corporation continues in existence until Congress decides to kill it off by repealing the legislation that created it.
If a corporation has elected sub-S tax status (corporate profits are passed through to the stockholders and taxed on their personal returns), the K-1 is a form isuued by the corporation to the stockholder indicating the amount of income from the corporation that the stockholder should report on their personal return.
Yes. S-Corporation status does not change a corporation's liability to suits.