Sentences with phrase «liability corporation rather»

Not exact matches

What does legal personhood (of a rather limited variety in the case of corporations), limited liability, or indefinite longevity have to do with taxation?

Because of a 1996 State Board of Elections ruling, limited liability companies are treated as individuals rather than corporations in New York.

It's possible because the board treats LLCs — limited liability corporations — as human beings, rather than as corporations or partnerships.

To make matters even worse, since Limited Liability Corporations (LLCs) are subject to individual rather than corporate contribution limits under New York campaign finance regulations, one person could set up several different subsidiaries to funnel millions more into state campaigns.

Given the minimal liability risk in painting and the low income being generated, it makes sense to run this type of business as a sole proprietorship rather than a corporation, advises Heath.

Wall Street worked better when it was a bunch of partnerships, rather than limited liability corporations.

The taxpayers argued that it was appropriate to deal with these issues before the hearing, whereas the Crown argued that these issues could not be determined on a Rule 58 motion because, in this case, the facts arose from a plea bargain rather than a determination by a court, the agreed facts did not address the GST liability of the corporation or the other individual's income tax liability, and the facts (and tax liability) of a criminal proceeding would only prohibit the parties from alleging a lower tax liability in a civil proceeding.