As part of every liquidation, state and federal income, payroll and capital gains taxes must be paid at both the corporate and individual levels.
A C corporation is a business entity governed by Subchapter C of the Internal Revenue Code.
LIQUIDATION WAREHOUSE INC is family owned and operated in North Fort Myers.
the procedure under which a company is dissolved (or wound up).
We sell a bit of everything, including household goods, toys, personal electronics, cosmetics, apparel, and anything else we can find through closeout liquidation--but hurry in!
Our inventory is constantly changing and deals don't always last!
Corporations are the most widely known business forms, providing limited liability to shareholders and allowing ownership to be freely transferred through the buying and selling of stock.
C corporations are also subject to what is known as "double taxation." This type of tax treatment means that income and gains on property are taxed first at the corporate level and then again at the individual shareholder level for any dividends received.