Norris McLaughlin & Marcus, P.A.

Blogs > Business Without Borders

shareholders

Feb 15, 2017

INTRODUCTION TO US BENEFIT CORPORATIONS: US Subsidiaries of Foreign Parents Doing Good by Bridging Profitability and Responsible Business – PART II

Part II: Legal Structure and Requirements

As discussed in Part I of this series, business owners are increasingly choosing to pursue the B-corporation form to combine their companies’ for-profit and public benefit purposes.  B Lab, the independent non-profit that certifies B-corporations’ social and environmental benefits, recently reported increased instances of B-corporations forming outside the United States, and the B-corporation form may also help attract investors from around the world. » Read More

Feb 13, 2017

INTRODUCTION TO US BENEFIT CORPORATIONS: US Subsidiaries of Foreign Parents Doing Good by Bridging Profitability and Responsible Business

Part I: Background

In 2006, Yvon Chouinard, the founder of sportswear giant Patagonia, published a corporate memoir that would equally inspire board members in three-piece suits and surfers in wetsuits.  Let My People Go Surfing: The Education of a Reluctant Businessman attempts to reshape the way we think about business, and Chouinard leads by example.  He writes, “Who are businesses really responsible to? » Read More

May 16, 2013

REWIND: International Business News #68

This week in international business news, we cover Japan’s Sony possible divestiture of its consumer electronics division, the European Commission’s potential investigation of Chinese network-equipment makers, and the fallout from the discovery that Bloomberg reporters had access to sensitive information of financial service companies.» Read More

Jan 11, 2012

U.S. Tax Court Decision-Controlled Foreign Corporation Earnings are not Eligible for the Reduced 15% Tax Rate Available to Qualified Dividends

The U.S. Tax Court recently held in Osvaldo and Ana M. Rodriguez v. Commissioner, 137 T.C. No. 14 (2011), that amounts included in gross income under the controlled foreign corporation (CFC) rules of Code Sections 951 and 956 are not eligible for the reduced tax rate (typically 15%) available to “qualified dividends” under Code Section 1(h)(11). The case involved a situation where the taxpayers, who were Mexican citizens and permanent residents of the U.S., owned all of the stock of a Mexican corporation that had U.S.» Read More

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