This By-Laws document contains the following information: the name and location of the corporation, the shareholders, and the duties of the officers.
Bylaws Of The Corporation With The Irs In Clark
Category:
State:
Multi-State
County:
Clark
Control #:
US-00444
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Word;
Rich Text
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A C corporation is a business structure that allows the owners of a business to become legally separate from the business itself. This allows a company to issue shares and pass on profits while limiting the liability of the shareholders and directors.
A C corporation is a business structure that allows the owners of a business to become legally separate from the business itself. This allows a company to issue shares and pass on profits while limiting the liability of the shareholders and directors. U.S. Small Business Administration. "Choose a Business Structure."
Big American companies like Microsoft and Walmart are C corporations—that is, their income is taxed under Subchapter C of the US Internal Revenue Code.
C Corporations distribute two main types of dividends: qualified and ordinary. Qualified dividends often enjoy lower tax rates, typically 15% or 20%, making them more favorable to shareholders. Conversely, ordinary dividends are taxed at regular income tax rates.
Any foreign individual or company can own a C-corp in the US. It is not exclusively for US residents. Ownership in a C-corp is given out by offering company's stock. Ones who own this stock are the called the shareholders of the corporation.