Replies to post #48285 on Bitzio, Inc. (fka BTZO)

[peterpeter]

BTZO 80%. This is why...:

investorpro1 Member Profile investorpro1 Sunday, November 19, 2017 7:27:27 PM
Re: Dutch1 post# 45011 Post # 45014 of 45037

I'm glad this was posted so I can correct you...

This is fact ,what I am printing below.
Also, why would KK want to own 80% instead of the 51% to have controlling interest? BECAUSE, read below.

Accounting and Taxes for Subsidiaries
From an accounting standpoint, a subsidiary is a separate company, so it would keep its own financial records, bank accounts, assets, and liabilities. Any transactions between the parent company and the subsidiary must be recorded.

Many companies file consolidated financial statements (balance sheet and income statement) for shareholders, showing the parent and all subsidiaries combined.

From a tax standpoint, a subsidiary is a separate taxing entity.
Each subsidiary has its own tax ID number and it pays all its own taxes, according to its business type.

If the parent company owns 80% or more of shares and voting rights for a subsidiary, it can submit a consolidated tax return to take advantage of offsetting profits of one subsidiary with losses from another. The subsidiary must consent to be included in this consolidated tax return.
Now read why 80% is owned...

investorpro1 Saturday, November 18, 2017 5:42:35 PM

No, If BTZO owns 80%, They have controlling interest. They decide, sorry. You are wrong. All You need is 51 percent to have controlling interest. BTZO will make the decision and I'm sure the stock will fly.

$BTZO