LYCOS RETRIEVER 
S Corporation: Stocks
built 229 days ago
MONTREAL, March 23 /PRNewswire-FirstCall/ -- Teleplus Enterprises, Inc. (OTC BB:TLPE) announced today that the Editorial Board of Standard and Poor's (S&P) has approved Teleplus Enterprises, Inc. for a complete corporate listing and description in Standard and Poor's Corporation Records. Additionally, Teleplus Enterprises, Inc. will have its corporate description published in Standard and Poor's Daily News Section. S&P ... will initiate financial coverage of Teleplus Enterprises, Inc. as part of the S&P Market Access Program, including coverage of Teleplus Enterprises, Inc. on S&P's Internet website, http://www.advisorinsight.com/ as well as S&P Marketscope and the electronic version of S&P Stock Guide database. Additionally, the S&P coverage will appear on the highly trafficked OTC Bulletin Board web site http://www.otcbb.com/ .
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S corporations do come with some downsides. For example, S corporations are subject to make of the same requirements corporations must follow, and that means higher legal and tax service costs. They ... must file articles of incorporation, hold directors and shareholders meetings, keep corporate minutes, and allow shareholders to vote on major corporate decisions. The legal and accounting costs of setting up an S corporation are also similar to those for a standard corporation. And S corporations can only issue common stock, which can hamper capital-raising efforts.
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On January 17th Najarian said keep the refiners stocks like Tesero Corporation (TSO) and Valero Corporation (VLO) high on your list. He was dead right and both stocks traded up more than 9%. On January 22nd Seymour said look at iShares MSCI Emerging Markets Index Fund (EEM) and iShares FTSE/Xinhua China 25 Index Fund (FXI). Seymour was on the money and both emerging market ETFs traded up over 8%. On January 18th Finerman told investors to look at The Home Depot Inc. (HD) because she felt the stock was oversold. She was right and the stock traded up 9% since her call.
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Form of corporation whose stockholders may be taxed as partners. That is, income is taxed as direct income of the shareholders, regardless of whether it is actually distributed to them. To qualify as an S corporation, a company cannot have more than 35 shareholders; it cannot have more than one class of stock; it cannot have any nonresident foreigners as shareholders; and it must properly elect S corporation status. The key advantage of this form of organization is that the shareholders receive all the organizational benefit of a corporation while escaping the double taxation of a corporation.
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A corporation has the most on going and expensive maintenance requirements of any Arizona entity. Arizona law requires that the stockholders hold an annual meeting. Directors should meet as often as necessary to manage the corporation and oversee the officers, but not less than once a year. Meetings of stockholders and directors must be called by giving proper notice pursuant to the procedures set forth in the Bylaws of the corporation. A quorum at each meeting is necessary to conduct a meeting and to approve any action. All meetings of directors and officers should be documented with written minutes signed by the appropriate people. Minutes and adopted resolutions should be kept in a minute book.
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