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Garden Grove California online Form 5471 (Schedule O): What You Should Know

I have been looking into this schedule, the article seems to be focused mostly on foreign-owned companies, though some information here could apply to U.S.-owned entities. Also note that on the list of foreign corporations on page 1 of the Schedule J, it is listed as “Sang Tan Corporation” which is a Korean owned company. This is a mistake. This is actually a Chinese company, based in Shanghai, owned by some top Chinese real estate executives in America. You won't know this until you actually see the schedule. They are one of the main providers of real estate services to the U.S. government, and the Chinese are quite big in America and other parts of the world, through real estate corporations such as this one. The other mistake, which might also apply to U.S.-owned entities, is that they call the shareholder an “interested shareholder,” when that person is not even actually an interested shareholder. The owner or partners of this company were interested shareholders for the sole purpose of the purpose of purchasing certain shares from their own corporation/partners, and then making the stock transfer on the date of the acquisition — thus they don't even want to be shareholders. However, they do have the right to vote in favor of the proposal on the day they acquired the stock. The interested shareholder would be called “interested shareholder” on the day a stock transaction occurs, and for the purpose of the stock transaction, they would effectively be voting shareholder. However, for the purpose of this article, the interested shareholder would also be the person who actually bought the stock, and would only be the person that owns the stock as of the date of the “incorporation” — thus not holding shares in their “interests” prior to the sale occurring. The investor or partnership buying the stock would technically not be a shareholder on the date the deal is completed. What is also interesting is that on page 9 of Schedule J, it states that “all the persons listed on page 6 may vote.” This means that the other 4 listed persons (one of which is a non-U.S. person) are not only eligible to vote, but their vote counts. This also means that the owners of a business who does not hold the majority of the stock are also eligible to vote.

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