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Question
Starr Cardio, Inc., is a small business. Ted, Uma, and eleven other members of the Starr family own all of its stock. Currently, Starr's income is taxed at the corporate level and, after being distributed to the family members, at the shareholder level. Can Starr retain its corporate status but othÂerÂwise avoid this double taxation? If so, how?Answer
This answer is hidden. It contains 653 characters.
Related questions
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a. on the basis of a material omission or misrepresentation.
b. on the basis of nonpublic information.
c. within any six-month period by certain insiders.
d. without being registered.
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a. about investing freely.
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b. an investment that is guaranteed to make a profit.
c. only such common forms of debt and equity as bonds and stocks.
d. whatever a company represents to the public as a security.
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Corporate governance can be defined as the relationship between a corporation and its directors.
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b. cannot exist without a tangible stock certificate.
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RayAnn is a corporate officer for Timmy's Trees, Inc. As a corporate officer, RayAnn is
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Philip is elected as a director for Fatless Foods, Inc. His term of office will most probably last for
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If the corporate directors fail to sue in the corporate name to redress a wrong suffered by the corporation, then the shareholders can do nothing.
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The ownership right to stock exists independently of a stock certificate.
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Shareholders own a corporation.
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Directors can use corporate funds and confidential information for personal advantage as long as they disclose that they are doing so.
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A corporate officer cannot act as an agent of the corporation.
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After the first board, the directors are chosen by the corporate officers.
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A director usually serves on a corporation's board for a life term.
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Generally, an accountant must exercise the degree of care that an ordinarily prudent accountant would exercise.
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The courts have considerably scaled back the Clean Water Act's protection of wetlands.
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Any point source emitting pollutants into water must have a permit.
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A collection agency must include a validation notice whenever it initially contacts a debtor for payment of a debt.
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Major credit reporting agencies must provide consumers with free copies of their own credit reports every twelve months.
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A credit-card company is not required to provide advance notice to consumers before changing credit-card terms.
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Labels on vegetables and fruits are not required to indicate where the food originated.