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Q: Small business close corporation retained earnings ( No Answer,   2 Comments )
Subject: Small business close corporation retained earnings
Category: Business and Money > Accounting
Asked by: b3jz-ga
List Price: $75.00
Posted: 17 Aug 2006 14:00 PDT
Expires: 16 Sep 2006 14:00 PDT
Question ID: 757095
Can someone operate multiple closely held corporations and have one
corporation pay another corporation?....instead of having a division
pay another corporation? What if the 2nd corporation was not in the
same line of business? (Co #2 would record the payment as revenue etc)
There is no answer at this time.

Subject: Re: Small business close corporation retained earnings
From: myoarin-ga on 17 Aug 2006 16:48 PDT
Are you asking if funds can be transferred between the companies
without there being an underlying business transaction, say, payment
for goods or services?
Subject: Re: Small business close corporation retained earnings
From: sonoritygenius-ga on 17 Aug 2006 17:45 PDT
I am callin IRS on your a&& - just for fun!

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