Corporation Structures ‘corporation {eg en fed withthe Division of Corporations and Recorsin Albary _{ yoswdonstatenvus } Shareholders are not personaly responsible fo debt nd abies othe busing ‘Unlimited number of shareholders, and na resgent and corporations canbe shareholders fequles annus mestings of shareholders and maeting minute are eave to be kept withthe orporations ecards. Evistence perpetual Stckis freely transerble Profs and losses taxed deety to corpraton which an ln ta double toxatlon on dividends pei ot ut rots to shareholders. (General cgends are pod only to outa shareholders os working “shoreholders i they are te only shareholders) can inte inerese ther slres or Gelore bonuses ‘Should busines show o profit) ‘Scomoraton egal enty fed wth the Dision of Corporation nd Records in Abary [was states) Shareholders ae not personal response forges end Habis of the business Requires annual mestng of shareholders and meeting mints are required tobe kept wth the cexporation’secoroe. bistence i perpetual. Stockis realy wansterble ‘vols double tneation asl profs ad loses are passed though to shareholders nd are toned 2s personal income. ‘Manu numberof shareholders 100 No corporation can vest in ans Corp. ‘Shareholders cannot be non-US residents ' Corporations formed by ast forming Corporation the ling BS Frm 2553 wth the intel everwe Serve and Foum CT-8 wth New York Sa ‘mite Uabitty Company it.c) Legal enty fed withthe Division of Corporations and Records In Albany {ww dos sates] Members ae not personal responsible fr debts nd fabs of the business. ‘Avoids double taxation aa profs ane loses are passed though to members and are taxed os personal Untied number of members, and non-US resident nd corporation canbe members "ypc as itd fe span with certain events uch as ath o than oF a member can cause the Uc to dtsobve ‘Annual meetings of members se not requires, ‘Transfer of interest or nership must recave approval ther membars Cnersof an LC ea tite profes in manne hey se while In an Sor Corp pratt ae dstibvted according to shares owned. "New York State raqultes an announcement ofthe formation of the LC tobe published for sx weeks in ‘wo perodicals (i Manfattan an the Brora the New York Low Journal must be one) which ck cost 1200-52000, Notices must be pushed within 120 days of formation. Fllureto pul wl es In {uspesion of thority to conduct business a New Yor singing! potetian of ed tly nd ‘making members personal Hable. See cel on neat page