Talk:Non-stock corporation
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Clarification: "But if it is a stock corporation, it may be necessary to pay taxes on the profits, then pay the benefits as dividends, which are taxable to the recipients. (This problem is often referred to as "double taxation.") A payback of the assets of a corporation would generally be tax-free until all of the original capital invested in the corporation were returned. Thus use of a for profit non-stock could be used to legally avoid certain taxes."
Question is: even if the corporation is a stock corporation, wouldn't earnings be reported as a payback of assets and be non-taxed? Or if a 'payback of assets' refers only to when a corporation is wound-up, wouldn't a for-profit corporation merit tax-free treatment when it is wound up? In any case this section is unclear. Jive472 (talk) 17:29, 8 February 2010 (UTC)
Two uses of 'asset' in this paragraph: "While stock in a corporation is considered an asset and reportable (and could be seized in the case of a lawsuit or a government confiscation or nationalization), being a member of a corporation or a director is not an asset and thus is not subject to seizure or reporting for asset purposes. Thus it may be used to hide or obscure assets without doing anything illegal." Jive472 (talk) 17:43, 8 February 2010 (UTC)
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Is the phrase "non-share capital corporation" equivalent to "non-stock corporation"? — Preceding unsigned comment added by 173.61.182.234 (talk) 21:17, 5 June 2017 (UTC)