95.149.241.133 at 17:31, 20 August 2022

2022-08-20T17:31:15Z

← Older revision		Revision as of 18:31, 20 August 2022
Line 400:		Line 400:
	[[Category:Thesis]]		[[Category:Thesis]]
	[[Category:Equities]]		[[Category:Equities]]

			__INDEX__

>Louis at 18:52, 22 July 2022

2022-07-22T18:52:11Z

← Older revision		Revision as of 19:52, 22 July 2022
Line 398:		Line 398:

	This is not a complete discussion of tax consequences of making an investment in the company, and Investors are encouraged to seek advice from competent legal, tax, investment advisors to assist in determining their specific tax consequences that result by making an investment or that may result after the securities convert, if ever. By default, limited liability companies with more than one member are treated as “partnerships” under the Code. Partnerships are required to file Form 1065 annually and distribute K-1s to each “partner.” Each partner is then obligated to report his or her proportionate share of income, gain, loss, deduction, or credit on his or her individual income tax return. The Company has made no assurances and is not under any obligation to, following a conversion event, make regular tax distributions, which means that following a conversion event, Investors could be allocated income without receiving any distribution of cash. In such an instance, the Investor would, nevertheless, be obligated to remit any tax payment to the IRS as well as any other taxing authority. Rather than continue as a partnership for federal income tax purposes, the Company may elect to be taxed as a C Corporation or an S Corporation (if permitted). Alternatively, the Company may, at some future point, determine that it would be in the Company’s best interest to convert to a corporation for both state law and tax law purposes. Investors should be aware that an investment in the Company could have significant tax consequences on the Investor’s individual return and such tax consequences are uncertain, at best. Tax laws are complex and frequently change.		This is not a complete discussion of tax consequences of making an investment in the company, and Investors are encouraged to seek advice from competent legal, tax, investment advisors to assist in determining their specific tax consequences that result by making an investment or that may result after the securities convert, if ever. By default, limited liability companies with more than one member are treated as “partnerships” under the Code. Partnerships are required to file Form 1065 annually and distribute K-1s to each “partner.” Each partner is then obligated to report his or her proportionate share of income, gain, loss, deduction, or credit on his or her individual income tax return. The Company has made no assurances and is not under any obligation to, following a conversion event, make regular tax distributions, which means that following a conversion event, Investors could be allocated income without receiving any distribution of cash. In such an instance, the Investor would, nevertheless, be obligated to remit any tax payment to the IRS as well as any other taxing authority. Rather than continue as a partnership for federal income tax purposes, the Company may elect to be taxed as a C Corporation or an S Corporation (if permitted). Alternatively, the Company may, at some future point, determine that it would be in the Company’s best interest to convert to a corporation for both state law and tax law purposes. Investors should be aware that an investment in the Company could have significant tax consequences on the Investor’s individual return and such tax consequences are uncertain, at best. Tax laws are complex and frequently change.
			[[Category:Thesis]]
			[[Category:Equities]]

>Louis at 09:38, 13 July 2022

2022-07-13T09:38:33Z

Show changes

>Louis: Created page with "'''Live, Love, Sauce It Up!''' == Summary == * Young black female founder * Featured on Shark Tank in February 2021 with offer from Kendra Scott * B2B partnerships with FedEx, Verizon and Neiman Marcus * $650K in projected revenue by end of 2021, which is 5x of 2020 revenue * Retailing at HEB, Wegmans and other national chains * Disrupting the $37.7B sauce market == Problem == ---- == Condiments and sauces should add flavor, not unwanted salt and added sugar == Condi..."

2022-07-12T18:13:00Z

Created page with "'''Live, Love, Sauce It Up!''' == Summary == * Young black female founder * Featured on Shark Tank in February 2021 with offer from Kendra Scott * B2B partnerships with FedEx, Verizon and Neiman Marcus * $650K in projected revenue by end of 2021, which is 5x of 2020 revenue * Retailing at HEB, Wegmans and other national chains * Disrupting the $37.7B sauce market == Problem == ---- == Condiments and sauces should add flavor, not unwanted salt and added sugar == Condi..."

Show changes

Sienna Sauce - Revision history

95.149.241.133 at 17:31, 20 August 2022

>Louis at 18:52, 22 July 2022

>Louis at 09:38, 13 July 2022