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These are small businesses, though. Presumably nearly all of them have no shareholders (at least not the same way large corporations do).
by ac29 7y ago
These are small businesses, though. Presumably nearly all of them have no shareholders (at least not the same way large corporations do).
- GauntletWizard 7y agoAll the more reason not to keep cash there. The way US corporate taxes work, if you keep cash year-to-year in the business itself, you get taxed on it - And then you get taxed again when you disburse it to yourself. Remember this the next time you hear a talking head complaining that corporations pay zero taxes.
- cryptonector 7y agoUh, no. If the business is a corporation then it has stockholders, and if it's a small business (meaning probably not interested in being a high-growth company) then it's likely letting all of its earnings pass through to the owner(s) as salary and distributions.