Coeur Dalene Mines Corp
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Converting from a C Corp to an S Corp
As you may know, there are two types of corporations for tax and legal purposes. The “C” corporation is a more formal structure than the “S” corporation and taxed differently.
When forming a business entity, many people just rush out and file whatever sounds good. Occasionally, they may break down and read an article or two on the web. When it comes to corporations, this can lead to serious problems. The problems arise in the form of how taxes are paid.
A “C” corporation is the oldest business Read More...
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Warren Buffett and USG Corp
Berkshire Hathaway’s subsidiary National Indemnity Corp, owned by Warren Buffett acquired 6.9 million shares at $40/share of USG Corp as of 08/02/2006. This was part of the “Rights Offering” Agreement. Now, Berkshire Hathaway owns 15% of USG. There are limitations and other agreements involved with USG and Berkshire Hathaway.Which some limitations and agreements could last for the next 7 years.
At the end of 2005 USG claimed for chapter 11. Due to many asbestos lawsuits. Since, then USG Cor Read More...
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Crude Oil Rips Through Highs While Metals Do the Same
Yesterday crude oil prices ripped through another ceiling as it closed above $70 a barrel in New York Trading. Part of this surge was due to the increasing concerns over Iran and the fears of possible massive supply disruptions.
It is widely estimated that crude oil could reach $80 a barrel in the short term, and along with the increase of crude oil comes the increase in the price of gasoline.
Drivers can expect to pay more at the pump this summer if the estimate is realized.
Companies to loo Read More...
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