Bay windows generally have a large shelf on the interior side that is used for sitting or as a display area for plants and knickknacks, among other things. Both air leaks and water leaks can occur at many places in the window's construction, and they are sealed with different methods.
Holding companies can be used to reduce tax as well as provide important non-tax related benefits. While each situation may be different, as your companyâs annual revenues and income increase, a holding company is likely something you should consider.
Avoiding Personal Holding Company Tax. A personal holding company (PHC) is a C corporation in which more than 50 percent of the value of its outstanding stock is owned (directly or indirectly) by five or fewer individuals and which receives at least 60 percent of its adjusted ordinary gross income from passive sources.