Class C Corporation With Foreign Subsidiary

State:
Multi-State
Control #:
US-EG-9402
Format:
Word; 
Rich Text
Instant download

Description

The Class C Corporation with Foreign Subsidiary form is designed to facilitate the distribution plan for Class C shares of Putnam High Yield Trust II, a Massachusetts business trust. This form outlines the Trust's obligations under Rule 12b-1 of the Investment Company Act of 1940. Key features include a monthly fee structure of 1.00% of the average net asset value of Class C shares for management fees and an additional service fee of up to 0.25%. This plan requires majority approval from both the Class C shareholders and the Trustees before it can be enacted. It allows for quarterly reviews of expenses by the Trustees and can be terminated or amended with appropriate approvals. This document is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants as it provides a clear framework for managing corporate governance related to Class C shares, ensuring compliance with regulatory standards. The form is essential for maintaining transparency and accountability within the Trust's operations, ultimately benefiting shareholders.
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  • Preview Class C Distribution Plan and Agreement between Putnam Mutual Funds Corp and Putnam High Yield Trust II
  • Preview Class C Distribution Plan and Agreement between Putnam Mutual Funds Corp and Putnam High Yield Trust II
  • Preview Class C Distribution Plan and Agreement between Putnam Mutual Funds Corp and Putnam High Yield Trust II

How to fill out Class C Distribution Plan And Agreement Between Putnam Mutual Funds Corp And Putnam High Yield Trust II?

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FAQ

Yes, foreigners can open a Class C corporation in the USA. The process involves adhering to state laws and federal regulations, which can include obtaining necessary permits and paying taxes. Many international entrepreneurs choose to establish a Class C corporation due to its benefits such as limited liability and potential tax advantages.

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Class C Corporation With Foreign Subsidiary