The three types of corporations are class C corporations, class S corporations and close corporations. Class C, or general, corporations are the most common and are allowed an unlimited number of shareholders. Additionally, the income of a C corporation faces double taxation. First, the corporation pays income tax, and then shareholders pay personal income tax on dividends distributed to them. A class S corporation has no more than 100 shareholders. S corporations avoid double taxation because no corporate income tax applies. Close corporations are not recognized by all states but generally are for companies with a small number of shareholders. They are usually operated by a few individuals and are given permission by states to operate more informally than general corporations.
While most drivers are safe and aim to obey the rules, some have some unsafe habits and violate road rules in ways that ... Read More
Court Denies Access to Green Card for Couple Who Entered Country Illegally In a rare unanimous decision on the volatile... Read More
There are numerous ways that someone can lose their house in a divorce, with the most common reason being that the house... Read More
How It Works