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The state is working to reduce air pollution with goals

  The state is working to reduce air pollution with goals to lower emissions from oil and gas production and by trying to reduce the number of gas-powered cars on the roads through tax credits for electric vehicles and free public transportation in July and August. Silverstein attributed the 2023 air quality improvement, in part, to these efforts. August brought its typical hot, dry weather, but the number of days when ozone pollution exceeded federal standards didn’t jump to excessive numbers during the month, he said. “We bounce up and down, depending on the meteorology,” Silverstein said. “But it also has to do with our emission-control programs. Those have an impact.” But there is much work to be done, environmentalists say. “The way I think of it is, ‘Great, we had fewer ozone alerts and ozone days than we had in recent years,'” said Kirsten Schatz, clean air advocate for the Colorado Public Interest Research Group.  “But we got lucky with the weather. We can’t count on t...
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Corporations, or C corps, must pay income taxes on profits when they’re made

  Corporations, or C corps, must pay income taxes on profits when they’re made   when they’re divvied out to shareholders, a process called double taxation. They are also more costly to set up and require more extensive record keeping and reporting than LLCs.  However, they offer the strongest personal liability protection and make it easier to raise capital through stocks. They also offer more flexibility than a limited liability company in that new shareholders can be added or removed without reformation . An S corp is a type of corporation that allows profits to pass through to an owner’s personal income, meaning they aren’t subject to double taxation like a C corp. State laws differ on how this structure is taxed, with some states taxing profits above a state-specified limit. Some states tax an S corp as a corporation, offering little benefits for this structure. There are eligibility requirements that must be met for your business to qualify as an S corp. It’s b...
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