Unlike the federal government, Pennsylvania makes no distinction between short-term and long-term capital gains – or even between capital gains and ordinary income. Instead, it taxes all capital gains as ordinary income, using the same rates and brackets as the regular state income tax.
Pennsylvania Annual Report Service & Filing Instructions. Starting 2025, all Pennsylvania corporations, nonprofits, non-professional LLCs, and LPs will need to file an Annual Report with the Pennsylvania Department of State, Bureau of Corporations and Charitable Organizations.
All partnerships with nonfiling corporate partners (C corporations) must file PA-65 Corp. Partnerships and limited liability companies filing as partnerships are required to withhold corporate net income tax for nonfiling corporate partners.
Pennsylvania Annual Report Service & Filing Instructions. Starting 2025, all Pennsylvania corporations, nonprofits, non-professional LLCs, and LPs will need to file an Annual Report with the Pennsylvania Department of State, Bureau of Corporations and Charitable Organizations.
Issuing shares in a Corporation Decide how much capital to raise. Decide the number of shares to be issued. Decide corporation will be public or private. Set value for each share. Choose the type of stock. Prepare a shareholder agreement. Issue stock certificates.
How Do Private Companies Issue Stock? These days, private companies usually issue stock electronically instead of via paper certificates. Shareholders receive an email providing proof of ownership and all other details.
Issuing shares in a Corporation Decide how much capital to raise. Decide the number of shares to be issued. Decide corporation will be public or private. Set value for each share. Choose the type of stock. Prepare a shareholder agreement. Issue stock certificates.
Corporations subject to the Corporate Net Income Tax (excluding PA S Corporations that have Built-In-Gains) must continue to file the RCT-101 annually.
To fill out a stock certificate, you fill in the name of the shareholder, the name of the corporation, the number of shares represented by the certificate, the date, and possibly an identification number. There is also a space for a corporate officer to sign on behalf of the corporation and to affix the corporate seal.
Publication of either the intent to file or the actual filing of Articles of Incorporation must be made in two newspapers of general circulation, one a legal journal, if possible. Proofs of the advertising are not required to be sent to the Bureau but should be filed with the minutes of the corporation.