A corporation is a legal entity created by individuals or shareholders that functions as a separate organization from its owners. Corporations have some of the same legal rights as individuals. They ...

WASHINGTON (CN) - The Internal Revenue Service has created a bright-line test to determine if foreign corporations that buy U.S. firms are really operating in their claimed home countries or just ...

On Tuesday, the IRS issued proposed regulations under Sec. 381 that in certain acquisitions would change which corporation succeeds to the tax attributes, including the earnings and profits (E&P), of ...

n 1987 Congress amended the tax law to provide that a personal service corporation (PSC) is not eligible for graduated corporate tax rates. Pursuant to IRC section 11(b)(2), PSCs pay tax at the flat ...

On March 1, the Secretary of State released the report on California's female director quota requirement mandated by Corporations Code Section 301.3. The report is included on the Women on Boards page ...

A small business may operate under various legal forms. The most common of these, particularly for new startups, is the sole proprietorship. The individual who owns the business receives all of its ...