Sentences with phrase «of the limited liability corporation»

But a loophole allows companies to create unlimited amounts of limited liability corporations known as LLCs that can each give up to $ 150,000 in campaign donations.

He says they condoned the growing use of Limited Liability Corporations to skirt existing donation limits, and they loosely defined how politicians could spend their campaign funds on personal uses.

A coalition of groups on Monday urged the state Board of Elections to prohibit the practice of allowing individual donors to give unlimited campaign contributions through a network of limited liability corporations.

Broadly, NYPIRG notes the impact of the decision to suspend the state's $ 150,000 aggregate limit for contributions in an election cycle will have little impact, considering donors can skirt that through donations from a web of limited liability corporations.

This bizarre legal loophole allows essentially unlimited contributions to state political campaigns by allowing people to make contributions via an unlimited number of Limited Liability Corporations, or shell companies.

More specifically, Schneiderman is calling for higher contribution limits, the closing of a limited liability corporation loophole which he says «allows wealthy interests to funnel limitless amounts to campaigns,» as well as for the elimination of the housekeeping committees used by the state's political parties.

Clinton would apply the NIIT to income of owners of S - corporations, limited partners, and members of limited liability corporations.

The chief executive officer of a limited liability corporation is the Manager.

Each separate provincial LLP is made up of a unique pair of limited liability corporations registered in that province, as follows:

Here are some examples of situations where the structure of a limited liability corporation may not protect the business owner from legal responsibility:

Not exact matches

Whatever your reasoning, you're likely contemplating a choice that many entrepreneurs face: Should your enterprise be structured as a limited liability corporation (LLC) or an S corporation (S corp), which is named after subsection S of Chapter 1 of the Internal Revenue Code?

Settle on which form of ownership is best for you: a sole proprietorship, a partnership, a limited liability company, a corporation, an S corporation, a nonprofit or a cooperative.

Over seventy percent of U.S. companies are structured as pass - through entities, such as S - corporations and limited liability corporations (LLCs).

However, being mindful of this list can help you keep your LLC or corporation's limited liability protection intact.

Your business's legal form of operation (sole proprietorship, partnership, corporation or limited liability company), when it was founded, the principal owners and key personnel

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.

If your company is a corporation or limited liability company (LLC), you should never co-mingle business and personal checks for fear of losing the limited liability that these entities provide - that business account should be opened now, without delay.

When the corporation fails, the liability of its owners is limited to whatever they have invested — and no more.

Traditional C - corporation status provides the protection of limited liability for shareholders, but at a cost of double taxation of earnings — at both the corporate and shareholder levels.

But here are two goodsources of in - depth information: The Essential Corporation Handbook, by Carl R. J.Sniffen, and The Essential Limited Liability Company Handbook, by Corporate Agents Inc.Both are published by Oasis Press (800-228-2275) and cost $ 19.95 each.

There are many reasons to use a Limited Liability Corporation (LLC) for your startup, and here are five of the best.

Another significant past drawback of the R&D credit was that companies» ability to use it was limited if they — or their shareholders, in the case of pass - through entities like S corporations, limited liability companies, and limited liability partnerships — either didn't owe federal income tax or were subject to the alternative minimum tax (AMT).

However, these tax savings apply only to C corporations, and the majority of small business is conducted as one form or another of pass - through entities — partnerships, limited liability companies (LLCs) taxed as partnerships or S corporations.

Known as the limited - liability company (LLC), this structure offers the best of all corporate worlds for many new businesses: personal - asset protection (normally available only to shareholders of C corporations), elimination of corporate - level taxes (a benefit normally reserved for partners or S - corporation owners), and flexible ownership rules (which S corporations in particular lack).

These assets can be shares of stock in other corporations, limited liability companies, limited partnerships, private equity funds, hedge funds, publicly traded stocks, bonds, real estate, song rights, brand names, patents, trademarks, copyrights, or virtually anything else that has value.

He is a Certified Specialist both in Taxation Law and in Estate Planning, Trust & Probate Law (The State Bar of California, Board of Legal Specialization) admitted to practice law in California, Hawai'i and Arizona (inactive), specializing in Federal and state civil tax and criminal tax controversy matters and tax litigation, including tax - related examinations and investigations for individuals, business enterprises, partnerships, limited liability companies, and corporations.

Pass - through entities: The net income of pass - through entities like partnerships, S corporations, limited liability companies (LLCs) and sole proprietors is effectively taxed at individual tax rates.

Carol Topp, CPA explains the benefits of forming your homeschool co-op as a nonprofit corporation and why a leader would want limited liability protection.

As a historical matter, the original purpose of the corporation — reflected in debates about limited liability and general incorporation statutes — was to facilitate economic growth by enabling projects that required large - scale, long - term investment.

While Jesner suggests that five justices likely would rule that the federal courts should not recognize an ATS cause of action against American corporations for their overseas activities, several federal appeals courts have exhibited little willingness to limit the scope of ATS liability unless directly ordered to do so by the Supreme Court.

The new law carves out a brand - new tax deduction for owners of pass - through entities, including partners in partnerships, shareholders in S corporations, members of limited liability companies (LLCs) and sole proprietors.

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

Notably, the new law carves out a brand - new tax deduction for owners of pass - through entities, including partners in partnerships, shareholders in S corporations, members of limited liability companies (LLCs) and sole proprietors.

The Koch brothers» Georgia - Pacific subsidiary, maker of Dixie cups, Angel Soft toilet paper, lumber and cardboard packaging, is a limited liability corporation that would be allowed to use the lower rate.

Some of the basic legal entities in existence include; sole proprietorship, partnership, corporation, S corporation and Limited Liability Company (LLC).

Becoming a partner in a limited liability corporation (LLC) is another way to enjoy the benefits of a passive income.

A limited liability company (LLC) is a hybrid business entity that has certain characteristics of both a corporation and a partnership / sole proprietorship.

For more, see The Basics of Forming a Limited Liability Corporation.

You can start this type of business as limited liability company (LLC) and in future convert it to a «C» corporation or an «S» corporation especially when you have the plans of going public.

A number of hybrid structures have emerged in the U.K. and the U.S.: the «Community Interest Company» («CIC») in the U.K.; and the low - profit, limited liability corporation («L3C») and the «Benefit Corporation» («B Corporation» or «B Corp») in the U.S., the latter of which has expandedcorporation («L3C») and the «Benefit Corporation» («B Corporation» or «B Corp») in the U.S., the latter of which has expandedCorporation» («B Corporation» or «B Corp») in the U.S., the latter of which has expandedCorporation» or «B Corp») in the U.S., the latter of which has expanded to Canada.

These legal structures include the Limited Liability Company (L3C) and the Benefit Corporation, recognized in a number of US states, and the Community Interest Company (CIC), recognized in the UK.

Limited personal liability is one of the most common reasons businesses become corporations.

We noted that the attraction of the corporation as a way of doing business stemmed chiefly from the limited liability of those who owned it.

The distinctive feature of corporations was that they gave their owners limited liability.

Members could treat such a well - managed church as a sort of corporation in which they bore limited personal liability.

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.

Thus far, no one in Albany has volunteered to return Glenwood donations, many of which were distributed through limited liability corporations, or LLCs..

But, Cuomo has said he will call for closure of a loophole in campaign finance laws that allows donors to skirt the $ 5,000 limit for businesses by disguising the donations through multiple limited liability corporations.

But limited liability companies — businesses that share attributes of corporations and partnerships — are allowed to give up to $ 60,800 to a statewide candidate per election cycle and up to $ 150,000 a year to candidates and committees overall.

Assembly Speaker Carl Heastie, Election Law Committee Chair Michael Cusick and Assemblyman Brian Kavanagh today announced the Assembly's approval of legislation to close the Limited Liability Corporation (LLC) loophole in the state's campaign finance laws in order to bring greater transparency and accountability to elections for public office in New York State.