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S Corporation
An S corporation or S-corp, for United States federal income tax purposes, is a corporation that makes a valid election to be taxed under Subchapter S of Chapter 1 of the Internal Revenue Code.
In general, S Corporations do not pay any income taxes. Instead, the corporation's income or losses are divided among and passed through to its shareholders. The shareholders must then report the income or loss on their own individual income tax returns.
Which State is a Nationwide Corporation?s Principal Place of Business?: Hertz Corporation v. Friend, Argument Preview
Below, Sina Kian of Stanford Law School previews Hertz Corporation v. Friend, one of two cases to be heard by the Supreme Court on Tuesday, November 10...
Nursing Home Care Varies Greatly From Corporation to Corporation
Two Alabama nursing homes received very different ratings from the United States Department of Health and Human Services...
ARE TAX-ACCRUAL WORKPAPERS GENERATED BY CORPORATION AND ITS INDEPENDENT AUDITOR SO THAT CORPORATION COULD COMPLY WITH SEC FILING REQUIREMENTS SUBJECT TO AN IRS SUMMONS??? ---STAY TUNED!
On January 25, 2008 the Justice Department submitted a brief for the First Circuit, arguing that a district court erred in U...
Tax Issues in Converting a Michgian C Corporation to an S Corporation
One advantage Michigan C corporations have over S corporations is the ability to reinvest profits in the corporation at a lower tax cost than S corporations...
On the Convergence of State and Corporation in a Post Marxist-Leninist World: The Russian State Corporation
My colleague William E. Butler has produced an excellent short examination of what he describes as a "remarkable step taken by the Russian Federation of endowing an individual state corporation with various powers in treaty making, including the right to conclude treaties with foreign states or their departments...
No Personal Jurisdiction Over Directors of Non-Delaware Corporation Despite Contract Granting Exclusive Delaware Jurisdiction Over Corporation
In Ruggiero v. FuturaGene, plc, et al., (Del. Ch., Feb. 1, 2008), read opinion here, the Chancery Court refused to exercise personal jurisdiction over the directors of a British corporation despite a merger agreement which granted exclusive jurisdiction to Delaware courts over any issues arising out of the merger...
















