How is a C Corporation formed?
C Corporations are formed by shareholders contributing “stuff” in exchanges for shares in the company. As you can see in the visual below, the “stuff” that shareholders can contribute includes cash, property, or their services.
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Are all corporations’ issuers?
No, absolutely not. A company is called a corporation if they are legal structured as an “S-Corp” or “C-Corp”. Corporations can be a public or non-public company. An issuer is a public company that “issues” their financial statements to the SEC and general public. Nonpublic corporations are not required to “issue” their financial statements with...
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Taxable vs nontaxable income for a C Corporation?
For a C Corporation, income would primarily relate to any income received in the normal course of business. So, if the C Corporation sold electric vehicles, then proceeds from the sale of electric vehicles would be the primary source of income for the company on the tax return. Taxable income would also include any royalty...
Are all corporations’ issuers?
No, absolutely not. A company is called a corporation if they are legal structured as an “S-Corp” or “C-Corp”. Corporations can be a public or non-public company. An issuer is a public company that “issues” their financial statements to the SEC and general public. Nonpublic corporations are not required to “issue” their financial statements with...
Taxable vs nontaxable income for a C Corporation?
For a C Corporation, income would primarily relate to any income received in the normal course of business. So, if the C Corporation sold electric vehicles, then proceeds from the sale of electric vehicles would be the primary source of income for the company on the tax return. Taxable income would also include any royalty...
