There is no standard answer: the answer depends on the assets of the association and how they are used. Both C and S corps hold tax implications, one of which may be interesting if the association earns money from its assets.
Some associations are also non-profit corporations, especially when there is no asset income.
Your association auditor or tax attorney can best answer your specific question.
in the US, you want an s corp if you want more personal investment in the company. c corp is more limited liability. also for s corp there is no corporate tax rate (it's the same as your personal rate) but for c corp you pay the corporate tax rate.
Yes, yes, yes. Tax issues get fun when consolidating between entity types. The answer is too long to type. Pay a CPA.
Limited Partnership, LLC, and Incorporation (S-corp; C-corp) form a business.
The tax form filed by the entity will tell you if it is a C corp (Form 1120), and S corp (Form 1120S), or a Partnership (Form 1065).
CT Corp
File an 8832, apply for a new EIN. Get a CPA there are some tricky tax treatmetns, look up BIG tax.
Walter C. Frame has written: 'Annals of the Sacramento Pioneer Association' -- subject(s): History, Sacramento Pioneer Association
An S Corp is dissolved by filing a certificate of dissolution with the Nevada agency where the Corp is registered. Once the paperwork is filed, the S Corp is considered dissolved.
MedCath Corp.'s population is 30.
If the association has been dissolved, the common area -- which was part of the association's assets -- can no longer be considered part of the association, if that was part of the dissolution process. Your answer lies in the document that dissolved the association. and its description of the distribution of the common area(s) There is no standard..
Norfolk Southern Corp.'s population is 30,709.
PAETEC Holding Corp.'s population is 2,010.