South Carolina Authorize Sale of fractional shares
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How to fill out Authorize Sale Of Fractional Shares?
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FAQ
In order to form a professional corporation, the shareholders must be licensed professionals in their respective fields. This requirement does not apply to a regular corporation. A corporation is taxed as a separate entity, with the potential for double taxation if dividends are paid out to shareholders.
A South Carolina professional corporation (PC) is a business formed by one or more licensed professionals to offer services related to their profession. The business is taxed as a single corporate entity and, in most cases, it shoulders the burden of liability instead of the individual owners (shareholders).
South Carolina Business Corporation Act of 1988 defines a Corporation or Domestic Corporation as a corporation incorporated for profit and not a foreign corporation. Any person may act as the incorporator of a corporation by delivering articles of incorporation to the Secretary of State for filing.
A California Professional Corporation may be a C-Corporation or an S-Corporation, and is organized to provide services in professions that require a state license in order to practice.
: a corporation organized by one or more licensed individuals (such as a doctor or lawyer) especially for the purpose of providing professional services and obtaining tax advantages.
If your business meets the qualifications, S corporation status allows you to avoid double taxation, thus increasing your net profits. In many states, licensed professionals are not permitted to operate as regular corporations. However, a professional corporation is an alternative that provides limited liability.
