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 King
Category:
State:
Multi-State
County:
King
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.
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.
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."
An affiliated group is two or more corporations that are related through common ownership but are treated as one for federal income tax purposes. An affiliated group consists of a parent corporation and one or more subsidiary corporations.
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.
When Did Americans Start Paying Income Tax? The first personal income tax was imposed by Congress in 1861 to raise revenue for the Civil War. Congress repealed the tax in 1872 but the idea was brought back in the 16th Amendment to the Constitution that established Congress' right to impose a federal income tax.
On July 1, 1862, President Lincoln signed the second revenue measure of the Civil War into law. This law levied internal taxes and established a permanent internal tax system. Congress established the Office of the Commissioner of Internal Revenue under the Department of the Treasury.
The first broad-based, general sales taxes in the United States were enacted by Kentucky and Mississippi in 1930, although Kentucky repealed its sales tax in 1936.
The Internal Revenue Service (IRS) administers and enforces U.S. federal tax laws.