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S corporations pay a franchise tax of 1.5% of net income in the state of California (minimum $800). This is one factor to be taken into consideration when choosing between a limited liability company and an S corporation in California. For highly profitable enterprises, the LLC franchise tax fees (minimum $800), which are based on gross ...
This summary is based largely on the summary provided by the Congressional Research Service, a public domain source. [1]The Permanent S Corporation Built-in Gains Recognition Period Act of 2014 would amend the Internal Revenue Code of 1986 to reduce from 10 to 5 years the period during which the built-in gains of an S corporation are subject to tax and to make such reduction permanent.
California State Fair in July 2013. The California Exposition and State Fair (Cal Expo) is an independent state agency established by law in the California Food and Agriculture codes. Cal Expo is governed by an appointed 11-member Board of Directors and daily operations are managed by the chief executive officer (selected by the Board).
Adult fairgoers will be able to legally smoke weed at Cal Expo for the first time.
The California State Fair returns for another fun-filled 17-day stretch of thrill rides, funnel cake, concerts and cannabis starting Friday. This summer marks the 170th year of the State Fair ...
In addition, some states impose a tax on capital of corporations or on shares issued and outstanding. The U. S. state of Michigan previously taxed businesses on an alternative base that did not allow compensation of employees as a tax deduction and allowed full deduction of the cost of production assets upon acquisition.
The California State Fair will allow marijuana sales and on-site consumption for the first time this summer. The fair, taking place July 12 to 28 at Cal Expo in Sacramento, has moved in recent ...
The acquiring company essentially uses its own stock as cash to purchase the business. Each shareholder of the acquired company will receive a predetermined number of shares from the acquiring company. Before the swap occurs each party must accurately value their company so that a fair "swap ratio" can be calculated.