Research shows that Mr. Jones is better off forming an S-corporation opposed to a partnership. 26 U.S. Code 1361 states that an S-corporation is a company that operates domestically within the United States as well as the state in which the Articles of Incorporation are filed. It is more beneficial to be a domestic corporation because home states offer opportunities to reinstate active status to corporations who lapse in registration and taxes. If Mr. Jones fails to pay his annual taxes on time, his S-corporation status can be reinstated after he squares away what he owes within a reasonable period of time. S-corporations are allowed to distribute one kind of stock, but they are limited to having 100 shareholders or less. Mr. Jones is eligible to start his used car dealership as an S-corporation because he is a resident…
(Facts) The State of Georgia has enacted a law requiring contoured rear-fender mud flaps on all trucks and trailers operating within Georgia. Thirty-five other states allow straight mud flaps and Florida requires straight mud flaps.…
If Mary damages a client’s hair she would be held liable. According to our textbook, Mary would cause injury to the plaintiff. Mary was to provide a duty of care to the customer. She breached this duty of care “failure to exercise care or to act as reasonable person would act (Cheeseman, 2010, p. 81).” The reason I state, that is because the customer trusted Mary with their hair and she damaged the client’s hair. As long as Celia and Mary register their boutique name with the United States PTO in Washington, DC, and the PTO approved it, there should not be any legal problems. If Celia and Mary decide to offer…
Peca, S. (2009). Real Estate Development and Investment: A Comprehensive Approach. Hoboken, NJ: John Wiley & Sons, Inc.…
Coach Inc. operates in the luxury goods industry where it sells leather handbags, accessories and other leather products. The firm is among the best-known luxury brands in this growing submarket in North America and Asia. Within the luxury goods market there are three sub-categories: haute couture, traditional luxury, and accessible luxury. When Krakoff joined Coach in 1996 he helped position the company to lead in the “accessible luxury” segment. By 2000, Coach was dominating this market along with other competitors such as Michael Kors, Salvatore Ferragamo, Prada, Giorgio Armani, Dolce & Gabbana, and Versace. The luxury goods industry had a direct bearing on Coach’s profit potential. This effect can be explained…
In order to determine the integrity of the recruiter and the CEO, we first need to understand what integrity is. The term integrity is used in the business literature to describe different leadership traits. David Bauman highlights an example of integrity's multifaceted nature provided by Bill George who is one of the most influential practitioner/writers on leadership today (Bauman, 2013). In his book Authentic Leadership George writes,…
The next day, Antonio, who had no idea that Carrie had already sold the books to Norvel, told…
HYPERLINK "http://nationalparalegal.edu/Students/AssignmentsExams.aspx" Assignments & Exams Course: Business Law & Bankruptcy: PLG-105-1405 Assignment: Assignment 1 (based on classes 1 and 2)…
B. Under the terms of the contract, the Petroleum Corporation agreed either to sell and…
Barnes and Noble, which is America’s largest retail bookseller, is losing its pace in the book business. Its market share is declining from past couple of years with huge amount of lose. Majority of its business and marketing efforts are falling short to recover its constantly slowing down pace.…
I worked at Time Inc., one of the biggest companies in the magazine industry, for the last two years as a data analyst. Time Inc. owns many of the major brands that people typically purchase such as People, Time, Sports Illustrated, Money, Fortune, and many more. The trends in this industry have led to large declines in print, which I will refer to as newsstand copies, and increased content on the brand’s respective website. I worked specifically for People and Sports Illustrated and our team was tasked with slowing down the declining sales of the newsstand copies.…
Statement of Facts: On 8 May 2015 David Smith drove his car through a red light. Afterwards, he then plowed into Ms. John Doe’s car, mangling it beyond repair. Fortunately, Ms. Doe escaped with minor scratches and bruises, even though she was seven and one-half months pregnant. Four days later she delivered a stillborn infant. The operating physicians concluded the unborn baby had died from injuries sustained in the accident. Ms. Doe had seen Dr. Horace Mann at her regularly scheduled check-up approximately two weeks before the accident. His records show Ms. Doe was in good health and the child’s condition was “normal” for one conceived about seven months earlier. Dr. Mann thinks the baby was probably capable of a separate existence outside the womb.…
The company is a River Grove, Illinois based company which was started as a mail-order book company in Chicago called C.M. Barnes & Company. In 1873 it was founded by Charles M. Barnes. Barnes soon retired around 1902 while relinquishing control of the company to his son William. The company at this time had developed into a wholesale company and began selling secondhand books all over the Midwest. Before…
Does s51(xx) of the Australian Constitution support s6(1)(a), (b) and (c) of the Commonwealth Act?…
Interviewer: (81:13) But how did the actions of your friend and your play dad, that their actions led to you having permanent injury?…