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Sorry, by "state" here I mean the federal government. The definition and tax status of corporations, LLCs, etc already lie with the Treasury department. My poi
by legitster 2y ago
Sorry, by "state" here I mean the federal government. The definition and tax status of corporations, LLCs, etc already lie with the Treasury department.
My point is that these definitions and requirements do not come from some sort of divine law. A government can always amend the terms of incorporating and it would still be completely within the function of modern capitalism, just as different governments around the world offer different terms when incorporating.
- JumpCrisscross 2y ago> definition and tax status of corporations, LLCs, etc already lie with the Treasury department For tax purposes, yes. For almost everything else, no. State law controls.