Price communications corporation liquidating trust

Don't forget the entry in this website about Cargo Holds As mentioned below, if you want to play around with interstellar trading, or even try doing a full simulation (to do worldbuilding for creating the background of your new novel), I'd suggest getting a copy of GURPS Traveller: Far Trader.Written with help from a real live economist, this allows one to model interplanetary and interstellar trade with equations and everything.Corporations are the most widely known business forms, providing limited liability to shareholders and allowing ownership to be freely transferred through the buying and selling of stock.C corporations are also subject to what is known as "double taxation." This type of tax treatment means that income and gains on property are taxed first at the corporate level and then again at the individual shareholder level for any dividends received.An S corporation is a regular corporation that has made a special election with the Internal Revenue Service to pay taxes as if it was not a corporation.Although S corporations have special tax status, they operate like other corporations in many ways since they are still legally a regular corporation under state laws.The double taxation feature inherent in C corporations plays a special role in liquidation.

This process is known as liquidation and is necessary, even in cases when the corporation is being sold or converted into a different business structure.

These taxes can be significant if the corporation and shareholders own primarily intellectual property, such as a secret recipe, that had no value at the time the company was established but is now worth millions as a trade secret.

The sale of a C corporation is also a taxable event for both the company and shareholders.

Gain is calculated by subtracting the value of the property transferred from its worth at the time it was acquired.

The shareholders are also taxed on the transfer, provided the assets exceed the value of the stocks traded.

Search for price communications corporation liquidating trust:

price communications corporation liquidating trust-78price communications corporation liquidating trust-19

There is a long history of SF novels about interstellar free traders eking out a marginal existence on the fringes of the huge trader corporations, from Andre Norton's Solar Queen novels to the Space Angel series by John Maddox Roberts.

Leave a Reply

Your email address will not be published. Required fields are marked *

One thought on “price communications corporation liquidating trust”