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 A Corporation For Federal Income Tax In Pennsylvania
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--Unless otherwise provided in the bylaws, a majority of the directors in office of a business corporation shall be necessary to constitute a quorum for the transaction of business, and the acts of a majority of the directors present and voting at a meeting at which a quorum is present shall be the acts of the board of ...
A PTET election allows PTEs, which are not subject to the SALT cap, to deduct the state income taxes on the PTE's activities for federal income tax purposes. Pennsylvania is one of only five states, along with Delaware, Maine, North Dakota, and the District of Columbia, to have a PIT but no PTET election.
--Unless otherwise restricted in the bylaws, any action required or permitted to be taken at a meeting of the shareholders or of a class of shareholders of a business corporation may be taken without a meeting if a consent or consents to the action in record form are signed, before, on or after the effective time of ...
The corporate opportunity doctrine prohibits a corporate fiduciary from exploiting an opportunity related to the corporation's business unless he or she first offers that opportunity to the corporation.
In Pennsylvania, a corporation need not adopt bylaws at its formation, but bylaws are sometimes adopted by the incorporator or board of directors at formation or a later time.
The BCL contains the statutory basis for the formation and administration of business entities, such as profit and nonprofit corporations, limited partnerships, and limited liability companies.
In Pennsylvania, a corporation need not adopt bylaws at its formation, but bylaws are sometimes adopted by the incorporator or board of directors at formation or a later time.
Domestic (incorporated in Pennsylvania) and foreign corporations (incorporated outside Pennsylvania) doing business in Pennsylvania are subject to corporate net income tax. In addition, Pennsylvania corporations are subject to corporate loans tax (for tax years beginning on or before December 31, 2013).
Unlike some other states, there is no PA franchise tax.
Domestic and foreign corporations are subject to the corporate net income tax for the privilege of doing business; carrying on activities; having capital or property employed or used in Pennsylvania; or owning property in Pennsylvania.