Blog
The Types of Different Corporations and Their Legal Status
To highlight the differences between different types of corporations and their legal statuses, we must first understand what a corporation really is. A corporation is basically an entity that has the authority by the law to act as a distinct person from the shareholders that own it. Generally there are many types of corporations… Read More
Blog
Differences Between Flexible Purpose and Benefit Corporations
Back on New Year’s Eve in 2012, Corporation Code Section 2500 et seq. and Section 14600 et seq. created two different business identities, which came to be known as Benefit Corporation and flexible purpose corporation. Both these corporations are allowed to have an organizational structure that encompasses economic benefits and profits along with social… Read More
Blog
S Corporations And Tax Savings
There are different forms of operating businesses in the market, which have a separate legal status and are eligible to pay taxes to the government on the amount of profit earned during the year. One type of corporation which is exempt from tax payment is an S Corporation. What is an S Corporation? An… Read More
Blog
Subchapter S Corporations – What Are They?
Subchapter S Corporations are a unique category of corporations created through an IRS tax election. By electing to be treated as S corporations, companies “pass through” their taxable income, deductions, and credits to owners/investors in the business. This way S corporations are able to avoid double taxation on the corporate income. The S corporations are deemed… Read More
Blog
Agreement Of Merger For Corporate Mergers
Under the California Corporation Code, before initiating a merger, there is a lot that a corporation needs to take care of. The Merger Agreement should be filled out correctly and any sort of mistakes or corrections should be avoided at all costs. Follow these tips to ensure approval, the first time. Tips for Filing… Read More