Examlex
What is the difference between the aggregate and entity theory of partnership taxation? Provide two examples of how partnership tax rules reflect the aggregate theory and two examples of how they reflect the entity theory.
Minority Shareholder
An investor who owns less than 50% of a company's shares, typically having limited influence over corporate decisions.
Business Judgment Rule
A principle that shields corporate executives from liability for decisions made in good faith and believed to be in the best interest of the company, even if they are ultimately unsuccessful.
Directors Meeting
A formal gathering of the board of directors of a company to discuss and make decisions on corporate affairs.
Duty of Loyalty
An obligation to act in the best interest of another party, typically within the context of a fiduciary relationship.
Q5: For the 2017 tax returns, indicate when
Q15: Operating distributions terminate a partner's interest in
Q21: Battle Corporation redeems 20 percent of its
Q49: A taxpayer always will have a tax
Q57: Aztec Company reports current E&P of $200,000
Q69: Like partnerships, S corporations generally determine their
Q75: Which of the following courts is the
Q79: Townsend Corporation declared a 1-for-1 stock split
Q86: A valuation allowance can reduce both a
Q124: For S corporations without earnings and profits