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A foreign profit corporation is a business entity that is incorporated in one state or country but conducts business in another state or country. It is considered "foreign" in any jurisdiction outside of its home state or country where it is not incorporated. These corporations must typically register to do business in each jurisdiction where they operate, complying with local laws and regulations. The term highlights the cross-jurisdictional nature of the corporation's operations.
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What is the profit retention for an s corporation?
The profit retention for an s corporation is higher. This is as a result of being exempted from federal taxes and enjoys many tax advantages.
Is a portrait of the corporation over a specific period of time which shows the corporation's earnings and expenses?
profit and loss statement.
What corporations paid no taxes?
Corporation tax is paid on company profit (not turnover). Companies that made no profit pay no corporation tax. They do pay tax in other ways. National insurance, for example, and effectively make a contribution to VAT and income tax. Companies have various ways of reducing the declared profit, and thereby reduce the amount of corporation tax paid
What states are exempt from state tax?
501-C3 Non-Profit Corporation
What do you mean by cash profit?
Cash profit means profit after tax plus depreciation.
What is domestic profit corporation?
domestic Profit Corporation
Is Veterans of Foreign Wars a 501c3 organization?
The VFW is a Veterans' Service Organization (VSO) and is a 501(c)7 non-profit corporation.
Is an S Corporation a Non Profit?
No, the S Corporation is a profit corporation. Whenever they make loses or profits, it is usually divided among the shareholders.
When did Corporation of Foreign Bondholders end?
Corporation of Foreign Bondholders ended in 1988.
When was Corporation of Foreign Bondholders created?
Corporation of Foreign Bondholders was created in 1868.
What is the difference between corporation and nonprofit corporation?
A corporation such as Microsoft tries to make as much profit as possible where as a non profit Corporation such as a hospital isn't looking to make money
What is an example of a foreign corporation in the Philippines?
Delaware's Corporation
Can a corporation have a non-profit corporation?
Yes, to take care of all the other biz which is non-givernmental n profit oriented.
How you can know about a corporation type?
Whether it is a profit or non-profit corporation can be ascertained from the company prospectus, its nature of activities,future plannings etc.
Is the American Red Cross non profit?
The American Red Cross is a nonprofit corporation.
Match each type of business with its purpose. A. Sole proprietorship To benefit a special cause B. Public corporation To make dividends for its stockholders C. Non-profit corporation To make profit fo?
A. Sole proprietorship - To make profit for the owner. B. Public corporation - To make dividends for its stockholders. C. Non-profit corporation - To benefit a special cause.
Who receives the profit in a corporation?
split it equally
