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• Frequently Asked Questions

• Is exxon mobil a corporation?

  Exxon Mobil . Exxon Mobil Corporation , or ExxonMobil, is an American multinational oil and gas corporation headquartered in Irving , Texas, United States.

• Can you own a C corporation and an S corporation?

  In both cases, personal income tax is drawn on the end of the year stock dividends. The are no restrictions to C corporation ownership. S corporation rules restrict shareholder status to US citizens/residents. S corporations may not be owned by LLCs, C corporations, partnerships, other S corporations or some trusts.

• Can an S corporation be a shareholder in another S corporation?

  An S corporation may be a shareholder in another, subsidiary S corporation if the first S corporation owns 100% of the stock of the subsidiary corporation, and an election is made to treat the subsidiary corporation as a qualified subchapter S subsidiary (QSub).

• Can a c corporation sell real estate to an s corporation?

  For example, if an S corporation that was formerly a C corporation sells an appreciated asset (such as real estate) and the appreciation occurred during the time the corporation was a C corporation, the S corporation will probably pay C corporation taxes on the appreciation—even though the corporation is now an S corporation.

• When did Quaker Chemical Corporation become a corporation?

  In 1930, Quaker reorganized and changed its name to QUAKER CHEMICAL PRODUCTS CORPORATION and incorporated in the Commonwealth of Pennsylvania. During this time, Quaker expanded its scope with products for the metalworking industry. In 1947, Quaker entered into the steel market.