The earnings would be retained in the corporation and ownership shares would be passed on by the owner to his or her children in incremental annual amounts that fall within the allowable limits prescribed for tax exempt gifts by tax laws.
Continue reading...Friday, May 25, 2012
Nevertheless, the corporate approach to group ownership may make sense in some cases, and you will need a good tax attorney to advise you on specifics. High tax bracket investors may find the approach advantageous if corporate tax rates are lower than the personal income tax rates of the owners.
Continue reading...Monday, May 21, 2012
A general corporation, also known as a C Corporation, formed to own real estate has several appealing features. These include perpetuity, liability limited to the ownership share of stock, and good liquidity of ownership through the transferability of stock.
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Tuesday, May 29, 2012
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