A corporation is a group of individuals, created by law or under authority of law, having a continuous existence independent of the existences of its members, and powers and liabilities distinct from those of its members.
A corporation cannot own shares of a Scorp
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The shareholders would make an election by filing a form 2553 with the IRS. For an existing corporation, the form must be filed by March 15 of the year the election is to be effective. The election...
Yes, a corporation can be a stockholder in a regular C corporation. A common form of this is called a "holding company" but other types of companies regularly buy stock in other companies too....