After FERC said it no longer will allow master limited partnership interstate natural gas and oil pipelines to recover an income tax allowance in cost of service rates, Evercore ISI analyst Timm Schneider said he does not expect pipelines owned by C-Corps
, such as Kinder Morgan (KMI), Oneok (OKE), Enbridge (ENB) and TransCanada (TRP), to be impacted.
Much of the Marcum seminar focused on the taxation differences between C-corps
and pass-through entities, which include partnerships, S-corporations, limited liability companies and sole proprietorships.
The tax increase would have impacted only C-corps
and was directed primarily at large out-of-state companies.
For example, he said, some major car dealers in Oregon are C-corps
and would face substantially higher taxes under Measure 97.
He creates and maintains tax deferral strategies for contractors and other construction clients, and has extensive experience preparing tax returns for a variety of construction entities, including C-Corps
, S-Corps, partnerships, individuals and trusts.
centric The Hill, ABC Immediate Past Chair Pamela Volm called on stakeholders to create a tax environment that encourages growth for both big and small businesses: "While there seems to be a general consensus that our tax system needs fundamental reform, some in Washington, including President Obama, have proposed reforms chiefly concerned with lowering the corporate rate--despite the fact that so-called C-corps
make up just five percent of all business entities and account for less than half of the private sector workforce.
Contract notice: C-corps
office furniture and treatment rooms.
Upon completion of the proposed transaction, expected to occur in 3Q15, the combined entity is anticipated to be one of the largest and fastest-growing high-dividend paying C-Corps
in the energy sector with an industry-leading 10% to 15% annual dividend growth rate through 2020.
Four of the 13 MLP mutual funds have limited their investment in K-1-issuing MLPs to 25% and invested the balance in other midstream energy -infrastructure companies ranging from the general partners of MLPs, C-corps
that own MLPs, shipping MLPs and other midstream entities that do not issue K-1s.
This is because in the 1930s, 40s, and 50s, the only business forms available were sole proprietorships, partnerships and c-corporations, and since only the c-corp
provided protection to shareholders from personal liability for company debts, most businesses of any size were c-corps
At this stage of the cycle with balance sheets at comfortable levels, most lodging C-Corps
are now using any excess debt capacity to fund shareholder friendly and growth initiatives.
Because S-Corps, C-Corps
, LLCs and S-elected LLCs provide the same asset protection, provided owners are compliant with all necessary requirements.