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In forming a Sub S corporation if the shareholder contributes a piece of equipment to the corporation what is its basis in the corporation?

The equipment would become a fixed asset of the corporation.


What are the advantages of forming a corporation for an employee?

Forming a corporation can provide advantages for employees such as limited personal liability, potential tax benefits, and opportunities for stock ownership or profit sharing.


Can you start a business as an incorporation?

Yes, you can start a business by forming a corporation.


What is the difference between articles of corporation and bylaws?

The ByLaws of a Corporation are the documents that sets out the organization of the corporation, including the powers and election of directors and officers, filing vacancies, holding meetings of shareholders and directors, required notice periods, setting the fiscal year end and the execution of documents. and the Articles of Incorporation are the legal documents that establish your new corporation, and must be approved by your State Secretary of State, Corporations division before your new corporation do business under that business name.


Bismarck completed his goal of isolating France by forming the?

the Dual Alliance.


What are the advantages of forming a business as an S Corporation?

Forming a business as an S Corporation can offer advantages such as pass-through taxation, limited liability protection for owners, and potential tax savings on self-employment taxes.


What are the advantages of forming an LLC over a corporation?

Forming an LLC (Limited Liability Company) instead of a corporation offers advantages such as simpler management structure, pass-through taxation, and limited personal liability for the owners.


When did Charles K. Gifford found FleetBoston Financial Corporation?

Gifford negotiated a second major merger with Fleet Financial Corporation in 1999, forming FleetBoston Financial Corporation


When were dams put into the Colorado River?

The Glen Canyon dam forming Lake Powell was completed in 1966. Hoover Dam was completed in 1936.


What are the advantages and disadvantages of forming a corporation?

One advantage to forming a corporation is the fact that you aren't exposed to personal liability. One disadvantage is the fact that it can be expensive to start one compared to starting a proprietary business.


What is the first step in forming a corporation?

The first step in forming a corporation is to choose a unique name for the business and check its availability with the state's corporate filing office. This step is important to ensure that the chosen name is not already in use by another entity.


How would one go about forming a corporation?

There are a few steps in forming a corporation. The very first step is to fill out a form entitled "Articles of Incorporation". The second step is to fill out a "Corporate Bylaws" form. The third is to hold a board of directors meeting.