If an individual owns multiple corporations, he or she will commonly transfer money from one corporation to the other. If one business makes more money, then it will loan funds to another corporation that could use the money. Intercompany loans…
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One of the most common types of corporations is a business operated by one person (the owner of the corporation). This is common for tradespersons operating their own corporation, consultants of various fields such as oil-field consulting or I.T. consulting,…
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If you have grown your business to the point where you would like to incorporate it or if you would like to create a new corporation for tax planning purposes, the actual mechanical process of incorporating a business is not…
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