As well, the government did not track Natives from Newfoundland and Labrador because they were not part of Canada at the time. Nonetheless, it is safe to say that about 4,000 Native Canadians participated in the First World War, many serving with distinction. In all, more than 50 decorations were awarded to Native fighters for their contributions to the war. | | | | | | | | | | | | | | | | | | | Elders and Indian soldiers Members of the File Hills Indian Colony joined the 68th Battalion (Regina). Their parents, in traditional garb, posed for this photograph before the soldiers left for England.
It had no cash and inherited an obligation to repay bank debt that was taken out when ABNH was a subsidiary of ABN. ABNH made the holographic labels on credit cards and other products that served as a security device and sign of authenticity. ABNH was the first to use the technology to create a holographic image for Mastercard in 1983. ABNH also produced security holograms for ID cards, documents of value (currency and stamps in several foreign countries), tamper resistance, and authentication of goods. Holograms made up about 95% of ABNH’s sales; ABNH controlled 8% of the total security hologram market.
Consequently, shareholders have no flexibility to alter their legal treatment with respect to one another, with respect to the corporation, and with respect to outsiders” (15-3). However, states provide default provisions for LLC’s and allow members the flexibility to alter arrangements based on their management style and desired outcomes. Corporations also require onerous fees and organizational requirements that must be met. LLC’s have fewer formalities, do not require board meetings and do not impose strict organizational reporting requirements. Tax considerations are also an important part of forming a business and play a significant part when choosing an entity.
In this example, Owen will be the only owner and since he wants to have employees under this business form he is allowed to hire employees whereas if he was thinking of an S- Corporation he could not have any employees. Some other benefits of sole proprietorship: * Filing taxes involves a simple self-employment income tax form since all the profits and losses are pass on to the owner or sole proprietor * No high or any fees or registration requirements- since Owen is investing all his personal savings on this new business not having start-up fees is beneficial. * No payroll set-up * Net earnings of the business are not subject to corporate income taxes but are taxed only as personal income. Some of the disadvantages of sole proprietorship are: * The proprietor is subject to unlimited personal liability for the debts of the business. If Owen fails to pay his business debts, creditors will come
Scale the deferred tax assets and liabilities by total sales or total assets. Question 22 4 out of 4 points Music, Inc., a domestic corporation, owns 100% of Vinyl, Ltd., a foreign corporation and Digital, Inc., a domestic corporation. Music also owns 12% of Record, Inc., a domestic corporation. Music receives no distributions from any of these corporations. Which of these entities' net income are included in Music's income statement for current year financial reporting
The size of the credit union does not matter, all credit union have a Board members that have the power to approve or denied any policy changes, refund fees to it members and increase or decrease of the interest rates. The board should implement its power wisely within guidelines of the business, while attending to its fiduciary responsibilities. In the past the Board members have used this power for their owned benefits. Two years ago the credit union was offering 2.50 percent on the savings accounts and 3.15 percent on the auto loans. The credit union was not making much of a profit.
A C Corporation is considered an entirely separate entity and those that make up the company such as officers, directors, managers, and shareholders are not personally liable for the acts of the company. This is the main advantage of a C Corporation. A disadvantage is that profits of the corporation are taxed at two different levels. One at the corporate level and then another on the dividends of the shareholders. · Liability-A C Corporation has limited liability in that it is seen as a separate entity from the owners, which in turn protects their personal assets from being taken to pay for the company’s debt or liability losses.
Some of the similarities to a closely held corporation is each shareholder's liability is limited to the amount of their investment. There is also a limited supply of shares for the market, which make these shares less desirable to the market. The legal limit of shares in a S-corporation is 100 shares and in a C-corporation it is unlimited. S-corporations cannot sale their shares on the foreign market since foreigners don't pay individual income taxes. Shareholders vote to becoming a s-corporation and one or more shareholder holding 50 percent or more of the shares can revoke becoming a s-corporation.
Delaware Corporation Law Have you ever wonder why majority of the fortune 500 companies has chosen to incorporate their business in Delaware? Well it’s not because of taxes, although Delaware like every other state tries to keep its corporate tax rates low and competitive. There are a few advantages why companies decided to incorporate in Delaware, for instance; • As a state that welcomes corporations with open arms, Delaware provides such financial incentives for corporations as freedom from personal property tax, intangible property tax and even sales tax. A bigger incentive is the absence of a corporate income tax, provided the corporation is not doing business within the state. Furthermore, Delaware corporations pay
Federal Bureau of Investigation (FBI) | * FBI had a strongly anti-communist director, J Edgar Hoover. * In 1947 Truman let him set up the Federal Employee Loyalty Program, which allowed Hoover’s FBI loyalty boards to investigate government employees to see if they were communists. * From 1947 to 1950, around 3 million were investigated. * Nobody was charged with spying. * 212 staff were said to be security risks (communist sympathisers) and were forced out of their jobs.