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To: rkral who wrote (178792)7/21/2004 2:35:27 PM
From: The Duke of URL©  Respond to of 186894
 
"Duke, OK, perhaps you meant to say ..."A company is allowed to accumulate and not distribute earnings IF there is a need for the money, without tax consequences." That makes sense to me, Ron"

"accumulate" in the code section means "not distribute".

So if you want to, you could say "A company is allowed to accumulate and accumulate". or You could say, "A company is allowed to not distribute and not distribute", I think,but I am really not sure.


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