TITLE

A break for small businesses

AUTHOR(S)
Rubin, Rita; Kaye, Steven D.
PUB. DATE
July 1994
SOURCE
U.S. News & World Report;7/4/94, Vol. 117 Issue 1, p71
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
Advises that the Internal Revenue Service (IRS) has approved a tactic that can let many small businesses expand their circle of investors. Affected are so-called S corporations, which get special tax treatment but are limited to 35 shareholders. IRS ruling that investors can form several S corporations, each with up to 35 shareholders, and those corporations can form a partnership to run a business; Benefits.
ACCESSION #
9407017534

 

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