Sending employees on business trips is essential for countless companies and can result in tax headaches for both the employer and the employee if the tax regulations are not adhered to.
I just wonder that so many attorneys, resident agents, are the emphasis is on, “Let’s get you properly structured.” And then they’re almost mute to the point about maintaining it. And so we thought that this would be an important webinar for all of our students and to also have recorded in our archive library.
Ooh, that’s an interesting question. The answer is no, but not because of the reason you’re thinking. It’s because it’s an S corp, and an S corp has to be owned by a natural person. There’s a few exceptions, but a C corp is not one of them.
“Why do Corporations Exist?” Well, this is kind of interesting. A lot of you guys may not be aware that the Dutch East India Company was actually the first corporation. It’s kind of a multinational corporation. It’s actually in 1602. It was a chartered company, established in Holland, and it was literally the first company to issue stock. So we always look at it, in the legal industry, as the first corporation, the first multinational corporation, but it also had massive powers, including quasi-governmental powers, the ability to wage war, imprison and execute, negotiate treaties, coin money and establish colonies. So it was a super corporation, so to speak. So it was pretty darn powerful. Go back there…