Sentences with phrase «liability corporation with»
According to campaign disclosure reports the Erie County GOP received five separate contributions of $ 20,000 each in 2012 from Limited Liability Corporations with the same address as New York City real estate company Glenwood Management.
http://www.nystateofpolitics.com/ Not exact matches
While you may be used to running your business in a more informal fashion, a large corporation will be concerned with UPC codes, product liability insurance and other packaging and labeling must - haves.
Working with entrepreneurs and small - business owners who are generating $ 300,000 in revenue, I've seen that their decision to have their LLC taxed as a corporation and make the S - corp election cuts their total tax liability by one - third.
People, person, or persons as used in this Constitution does not include corporations, limited liability companies or other corporate entities established by the laws of any state, the United States, or any foreign state, and such corporate entities are subject to such regulation as the people, through their elected state and federal representatives, deem reasonable and are otherwise consistent with the powers of Congress and the States under this Constitution.
Failing to adhere to these requirements, the S corporation may not prevail in court in the case of a liability action, with the result that the stockholders are severally and individually held to be liable.
«In essence, institutions may establish a limited liability corporation without filing an application with the FDIC,» he said.
In contrast to banks and other financial corporations, the non-financial sector's foreign currency liabilities have risen since 2009, consistent with an increase in borrowings in foreign debt markets by larger corporations (particularly in the mining sector).
After accounting for the use of hedging derivatives, the FCE survey indicates that the overall net foreign currency asset position of other financial corporations was equivalent to 16 per cent of GDP, with a hedging ratio of around 35 per cent for foreign currency assets and 60 per cent for foreign currency liabilities (Table 1).
covenants of the corporation — including obligations with respect to the information provided to investors and acquisition and maintenance of directors and officers liability insurance
What does legal personhood (of a rather limited variety in the case of corporations), limited liability, or indefinite longevity have to do with taxation?
The primary characteristic that a LLC shares with a corporation is limited liability and the primary characteristic it shares with a partnership is pass - through income taxation.
If you want to protect your personal assets, you might be better off setting up a corporation or even a limited liability company (that's a business with limited liability that can be taxed like a partnership or another entity).
With a corporation, there is legally a distinction between your personal assets and liabilities and those of the corporation.
Direct program expenses, consisting of other transfers / subsidies, Crown corporation expenses and departmental / agency expenses, increased by $ 3.3 billion on a year - over-year basis, with most of the increase attribtuable to the booking of the $ 2.8 billion liability for the Alberta floods.
Upon dissolution of the Corporation, any assets remaining after payment of or provision for its debts and liabilities shall, consistent with the purposes of the organization, be paid over to charitable organizations exempt under the provisions of Section 501 (c)(3) of the U.S. Internal Revenue Code or corresponding provisions of subsequently enacted federal law and whose purposes and objectives promote breastfeeding education and support.
Corporations Use Limited Liability Companies to Skirt Campaign Contribution Limits Limited Liability Companies associated with luxury real estate mogul Leonard Litwin have channeled more than $ 900,000 into races for the New York State Senate this election cycle, largely to Republicans seeking to hold on to majority control.
Campaign cash from limited liability corporations — Arwin 88th Street LLC, Columbus 60th Realty LLC and Briar Hill Realty LLC are but a few connected to Glenwood — is now the subject of intense scrutiny as good - government groups demand lawmakers close loopholes that have allowed LLCs to make political contributions with so few constraints.
He's made passing references to «wealthy donors» three times in his past five addresses, but goes all - in with that line of reasoning this time around: we have contribution limits to make sure elections «are not captured by wealthy public interests,» he says; «wealthy individuals and corporations are able to use Limited Liability Companies» to avoid these limits, so reform is needed «to even the playing field so that rich and poor New Yorkers alike have their voices heard.»
Columbia Development, its executives, and limited liability corporations affiliated with the company have donated about $ 195,000 to Cuomo's gubernatorial campaigns since August 2013, according to a syracuse.com review.
Susan Lerner, with Common Cause, is pleased with Cuomo's call, once again, to eliminate a loophole in the campaign finance law that allows donors to form numerous limited liability corporations and exceed the $ 5000 a year limit for businesses.
The Certificate of Incorporation (corporation) or Articles of Organization (limited liability company) are filed with the State of New York Department of State.
A corporation with a $ 10,000 tax liability that made a $ 10,000 donation to a scholarship organization would then owe no state taxes but they would still have $ 10,000 less than they did before.
C - Corporations, S - Corporations and insurance companies with an Arizona corporate income tax liability or insurance premium tax liability can redirect up to 100 % of that liability to a state approved School Tuition Organization and receive a dollar - for - dollar tax credit for their contribution.
Lexie's Law allows corporations to redirect their Arizona state tax liability to help fund scholarships specifically for children in Preschool — 12th grade with special needs, children in foster care or adopted from foster care.
J. «Macmillan» means (1) Holtzbrinck Publishers, LLC d / b / a Macmillan, a New York limited liability company with its principal place of business in New York, New York; and (2) Verlagsgruppe Georg von Holtzbrinck GmbH, a German corporation with its principal place of business in Stuttgart, Germany, their successors and assigns, and their parents, subsidiaries, divisions, groups, affiliates, and partnerships, and their directors, officers, managers, agents, and employees.
The idea behind the limited liability company model is to blend the straight - forward taxation of sole proprietorships and partnerships with the limited liability protection enjoyed by corporations.
Owners with 20 % or more equity in a corporation or limited liability company.
On the other hand, I have never seen a bank backed by government or Crown corporations not assuming their liabilities with savers if the bank goes broke.
Terms, defined.For purposes of the Credit Services Organization Act: (1) Buyer shall mean an individual who is solicited to purchase or who purchases the services of a credit services organization; (2) Consumer reporting agency shall have the meaning assigned by the Fair Credit Reporting Act, 15 U.S.C. 1681a (f); (3) Credit services organization shall mean a person who, with respect to the extension of credit by others and in return for the payment of money or other valuable consideration, provides or represents that the person can or will provide any of the following services: (a) Improving a buyer's credit record, history, or rating; (b) Obtaining an extension of credit for a buyer; or (c) Providing advice or assistance to a buyer with regard to subdivision (a) or (b) of this subdivision; (4) Extension of credit shall mean the right to defer payment of debt or to incur debt and defer its payment offered or granted primarily for personal, family, or household purposes; and (5) Person shall include individual, corporation, company, association, partnership, limited liability company, and other business entity.
The majority of these structured credit default swaps relate to structured finance transactions with underlying reference obligations of cash securities and credit default swaps referencing liabilities of corporations or of other structured finance securitizations.
Even with a corporation or an LLC, storeowners will not be completely free of personal liability.
We are Bodhi Surf Sociedad Anonima (or Bodhi Surf Limited Liability Corporation in English), a surf and yoga camp in Costa Rica, founded in 2010 by four friends with a shared vision to utilize our skills and passions to create positive change in the world.
I indemnify, hold harmless and release Judd Foundation, its directors, officers, employees, members, managers, affiliate, agents and contractors from any and all claims, liabilities, loss, damages, costs and expense of any kind whatsoever (including reasonable attorneys fees) by myself or any other person, entity, or corporation, and covenant not to sue or make any other claim arising out of the any communication with Judd Foundation about the preservation, conservation, installation, care, handling or treatment of artwork (s) by Donald Judd.
A Limited Liability Company (LLC) is a hybrid business structure that combines elements of a sole proprietorship or partnership with that of a corporation.
At the Tulsa business law firm, business lawyer counselors and advisors work with their clients, large or small, corporations, limited liability companies, partnerships or individuals, assisting business owners and management in a comprehensive range of business and commercial law services, including, and without limitation:
If you would like more information with respect to the potential liabilities that may arise as a result of acting as a director or officer of a corporation feel free to contact a business lawyer with Twin River Law LLP for more information.
With this being the 11th survey and state ranking to be released, last year's findings revealed the «overall average scores of the states are increasing and senior lawyers and executives in large corporations tend to have positive perceptions about the fairness and reasonableness of state liability systems overall.»
An LLC status offers the flexibility of a partnership with many of the liability protections of a corporation.
A corporation with a «business presence» in another state will also likely incur tax liabilities associated with its «nexus» to the state.
Nonprofit corporations provide their shareholders, directors and officers with protection from liability.
When you incorporate as an LLC, you'll be free from the personal liability that sole proprietors and partners face, along with paperwork and taxation hassles of corporations.
The purpose of that disclaimer is to avoid liability in the event that they fail to set up your corporation properly, and to be clear that they don't have the formal education or training that's necessary to provide you with the legal advice you need when setting up a corporation.
Limited Partner Liability and the General Partner: Corporations Code Section 15507 Revisited with B. Weiner, Beverly Hills Bar Journal, Summer 1990
Of course, major corporations have a duty to control their costs, just as they have lawfully to manage and optimise their tax liabilities but this, ideally, should sit comfortably with the high ethical values that they so often publicly proclaim.
By far, the most common choices are a limited liability company (LLC) or a corporation with S - corporation tax treatment.
As corporations and insurance companies become stronger and stronger and get their politicians to pass laws that protect their conduct and to limit their liability and damages exposure, they get away with more and more resulting in more people getting hurt.
Limited liability company (LLC): A relatively new form of business which combines the limited liability protection of the corporation with the flow - through tax advantages of the partnership.
7.2 Not more than two persons who are members of or associated with the same firm, partnership, limited liability partnership or entity (including without limitation corporations) shall be members of the Committee at any one time.
Ms. Keane's experience with closely - held businesses includes limited liability company and S corporation agreement negotiation and drafting, succession planning, federal income and estate tax matters, ISO and nonqualified stock option plan analysis and drafting, and Section 409A deferred compensation analysis.
Mr. Steinberger, a veteran trial attorney with extensive experience in entertainment and mass product liability litigation, is the founder and senior partner of The Law Offices of Jeffrey W. Steinberger, A Professional Corporation.