C Corporations definition
Examples of C Corporations in a sentence
As of the date of incorporation, the common stock held by all Members shall be granted standard piggyback registration rights entitling the Members to participate on a pari passu basis in registrations of the "C" Corporation's common stock under the Securities Act of 1933, as amended, other than the Initial Public Offering and subject to pro rata cut-backs at the underwriter's discretion.
In addition to 1 above, all C Corporations are entitled to distribute all net earnings after tax from July 1, 1997, through the consummation date.
For purposes of computing the MMI Net Income for this Section 10.1(a), MMI Net Income shall be computed on a pretax basis for such periods when MMI is an S Corporation, but shall be computed on an after-tax basis for such periods as MMI and Purchaser are C Corporations if and when MMI becomes a C Corporation.
All C Corporations are entitled to their excess cash (as set forth on the next page) at June 30, 1997, along with nonoperating net assets (as disclosed in the Schedules to the definitive agreement) to be distributed to the shareholder(s).
Eligible partners are individuals, estates of deceased partners, S corporations (you then look through to the shareholders of the S corporation to determine if they are all eligible individuals and each shareholder of the S corporation is counted as a separate partner for determining if the 100 or less partner rule is applicable), C Corporations and foreign entities that would be C corporations if they were domestic entities.
For C Corporations, the increase in the cash surrender value in excess of premiums and the death proceeds in excess of cash values are subject to the adjusted current earnings preference for years beginning after 1989.
In computing net after tax income, the annual base salaries of the Shareholders shall be deducted as expenses, bonuses paid to the Shareholders shall not be deducted as expenses, and taxes shall be estimated, calculated and prorated on an annual basis and as if all the Corporations were "C" Corporations rather than Subchapter "S" corporations.
NEH and HMC are Subchapter "C" Corporations under the Internal Revenue Code and EW and PCI are Subchapter "S" corporations under the Internal Revenue Code, with an equivalent "S" election under New Jersey Income Tax Law.
We will need all information at the earliest possible time, but no later than Monday, February 19, 2023 for Partnerships (1065) and S Corporations (1120S), and Monday, March 25, 2023 for C Corporations (1120).
Both Seller entities are C Corporations, duly organized, validly existing and in good standing under the laws of the State of Delaware.