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英语翻译The owner / shareholder is only responsible for liabilit

来源:学生作业帮 编辑:拍题作业网作业帮 分类:综合作业 时间:2024/05/01 20:41:01
英语翻译
The owner / shareholder is only responsible for liabilities up to the value of his/her equity in the Company.So therefore creditors of a corporation can seek payment only from the assets of the corporation and not from the personal assets of shareholders,directors and officers.
BUT:Small Business owners forming new corporations with low levels of capital invested will still be seen as high risk by lending institutions,therefore despite the limited liability status of the corporation,owners may well be asked to sign personal guarantees that loans will be repaid,or that lease agreements will be honoured.Owners are also held personally responsible for ensuring the corporation makes its required tax repayments
Protection From Legal Action
When a corporation is facing legal action,the personal assets of the company’s owners is protected by the separate legal entity status.In some cases though it should be remembered that owners can be held personably liable if the company is found guilty of criminal negligence,and also the owners personal assets may be endangered if it can be proven that the company has been mis-run,such as company taxes not paid or the company bylaws not been adhered to.
Tax Advantages
Some businesses can enjoy lower taxation rates after becoming incorporated that those enjoyed by partnerships and sole traders.One way to do achieve a tax benefit is to minimise the salary paid to the owner to reduce higher rate personal taxation,and draw income from the business in the form of dividends which are taxed at a lower rate – the offset will be that the taxable profits of the business are increased and taxed at business rates,the taxation of profits and then of the dividends paid is known as “double taxation”.Obviously professional advice from a taxation expert should be sought.(Avoidance of double taxation is one of the main advantages of a s corporation,click to read more.)
Other taxation benefits of incorporation are that once incorporated many additional items become tax deductible.For example medical expenses,entertainment expenses,vehicle and travel costs,recreational facilities and pension costs all become tax deductible,this can be a significant cash benefit.In particular money placed in an approved pension plan is tax free as is the funds growth.
业主/股东只是负责负债,他/她的价值权益之公司.因此,债权人的公司可以找付费只从资产的公司,而非来自外的个人资产的股东、董事、高级官员.但:小企业主形成新公司,低水平的资本投资仍将被视为高风险贷款机构,因此尽管...