WJCW - W JCW Wallace Johnston Clar k Weber Being a family...

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Wallace Johnston Clark Weber Being a family owned business, which plans to be involved in multiple states though out the United States with branches in many countries though out the world, WJCW as a S-Corporation strives to bring you the highest grade petroleum and natural gas pries around at the most affordable price. We feel that we can better accommodate our consumers having started our company as a small property owner in Texas. Gained royalties of only 12.5% on our own property. By forming out own S- Corporation our four members are able to keep all the revenue gained from the production of oil and natural gases while at the same time being able to invest our money back into our surrounding areas in a hope of further expanding our business. Some advantages gained by being formed as an S-Corporation rather than a LLC or LLP is we avoid in most cases the double taxation faced by both a LLC and a LLP. In most cases an S-corp. is exempt from federal income tax other than tax on certain capital gains and passive income. The way S-corps are taxed is the S
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This note was uploaded on 06/20/2011 for the course ECO 233 taught by Professor Gonzales during the Spring '08 term at Sam Houston State University.

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WJCW - W JCW Wallace Johnston Clar k Weber Being a family...

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