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Technology Stocks : All About Sun Microsystems
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To: Charles Tutt who wrote (47250)2/6/2002 8:25:32 AM
From: rudedog   of 64865
 
Charles - that's part of Texas law. A common mechanism for reducing franchise tax is to have an LLP which is owned by a small corporation, usually an LLC. The LLC owns 3% of the LLP and so shows revenue and profit which is 3% of the LLP. but they are the only partner with control. Franchise tax falls under the minimum unless the LLP makes millions. And of course the LLC does not have to consolidate the LLP financials since they only own 3%.
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