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The term "closely held C corporation" means any C corporation described in section 465(a)(1)(B).
In a conventional C corporation shareholders might complain.
L. 104 188, § 1316(d)(3), substituted "domestic C corporation" for "domestic corporation".
To qualify, the business must be organized as a C corporation.
They would not be valid for a company operating as a C corporation.
First he would start a C corporation, a designation that allows a company to issue private shares of stock.
Similar(9)
The investment giant Fidelity Investments converted from a C-corporation to an L.L.C. in 2007, and thus stopped paying corporate-level income tax.
As a result, some companies are looking at their legal structure with an eye to changing to a C-Corporation.
Kinder Morgan KMIis is the largest midstream firm in North America and converted from a partnership to a C-Corporation a while back.
We will be structured as a C-Corporation which operates as a standard corporation.
The corporation must be taxed as a C-corporation and cannot be taxed as an S-corporation or an LLC.
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