A shareholder-employee who owns more than 2 percent of the outstanding stock or voting power of an S corporation (based on direct ownership as well as attributed ownership) will be treated as a ...

Zee Entertainment Enterprises on Thursday failed to secure the required shareholder votes to raise funds by issuing warrants, blocking plans by the founding Goenka family to increase their stake in ...

This column discusses two recent Tax Court cases and there application to status as an S corporation shareholder.

Justice Clarence Thomas’s opinion for a unanimous court on Thursday in Connelly v. Internal Revenue Service resolved a pedestrian estate-tax problem for closely held corporations. The case presented a ...

Kohl’s Corp. shareholders voted to approve the company's slate of board members while the company is in a spotlight and conducting another CEO search.

An S corporation also allows for pass-through taxation, but S corps are limited to businesses with 100 or fewer shareholders. Whether or not you choose an LLC or S corp to pay yourself depends on ...

Transferee Liability It is worth noting that a shareholder’s transferee liability for a corporation’s tax obligation may arise in many other settings.

An S corp and C corp share a number of similarities. They are both types of corporations recognized by the IRS. They can also both raise funds by issuing stock to shareholders. However, S corps ...

The corporation's property taxes and utility expenses incurred during 2012 were paid by the two shareholders in proportion to their ownership interests in the corporation.

A close corporation seeking to protect its real estate from shareholder claims of adverse possession must challenge such notices and demonstrate that the use is permissive.

Kohl's Corp. sales declined 9.4% during the pivotal fourth quarter of 2024 and overall, sales were down 7.2%.

Starboard Value Issues Letter to News Corp Shareholders Regarding a Proposal to Eliminate the Company’s Dual-Class Share Structure at the 2024 Annual Meeting ...