I am filling out a form for COVID relief from my state government.

My company is a C Corporation with a single employee, me. I also own
100% of the stock in the company.

One question on the form is whether or not my company is a "worker cooperative?"

Well, all the workers, me, own all the stock, and all the workers
participate in running the company and making all the decisions for
the company.

So, does that make my company a "worker cooperative," or do you need
more than one emplyee?

Thanks.

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According to Victor Roberts <vicroberts@earthlink.net>:

I am filling out a form for COVID relief from my state government.

My company is a C Corporation with a single employee, me. I also own
100% of the stock in the company.

One question on the form is whether or not my company is a "worker >cooperative?"

Nope. There is a legal defiinition of a cooperative and special tax
treatment.

If you were a co-op, you'd know it.

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John Levine, johnl@taugh.com, Primary Perpetrator of "The Internet for Dummies",
Please consider the environment before reading this e-mail. https://jl.ly

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<< ------------------------------------------------------- >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2011) - All rights reserved. >>
<< ------------------------------------------------------- >>

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* Origin: fsxNet Usenet Gateway (21:1/5)