business entity for any individual(s) will depend on their particular facts and circumstances. You are a valued colleague and friend of this threesome‚ and they have come to you seeking advice as to how to structure their new business. They have the knowledge to figure it out themselves but are looking for the advice of an unbiased third party. Please consider the following tax and nontax considerations as you recommend an entity choice to Penelope‚ Mark‚ and John. Part I: Discuss the various forms
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You Decide Professor: To: Kim Brown‚ Branch Manager CC: Ken Rogers‚ Corporate Manager From Subject: Access Control Lists Date: 10/06/2013 Good day MS Kim‚ I would like to explain the available options of Access Control Lists what will do and what types of ACLs there are. Complex ACLs can be tricky but will better for security for the network. There are three different types of ACLs‚ Dynamic ACL‚ Reflexive ACL‚ and Time Based ACL. Each ACL is unique to the type of network we have
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Memo To: John and Jane Smith From: Date: 10/12/14 Re: Memo summarizing various tax issues 1. John Smith’s Tax Issues Issue (a): How is the $300‚000 treated for purposes of federal tax income? John Smith is an attorney who received $300‚000 for winning a personal injury court case for a client. The $300‚000 should be reported as gross income when he files his tax return for the year that the $300‚000 was received. Applicable Law and Analysis The applicable tax law is Title 26 U
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We are Chris and Pat Smith‚ and we are entrepreneurs with five years of experience and we like to invest in small businesses. We decided to invest in this catering company with the two chefs J.P. Martin and L.L. Miller‚ who have culinary science degrees and five years of work experience‚ which includes winning a prestigious prize in a gourmet food competition. So we all decided to set up a catering service called “At Your Service”. This catering service was set up to provide services for wedding
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YOU DECIDE Mgmt. 597: Business Law CASE SUMMERY: Coleman is an employee for Software Inc.; Coleman was a member of the sales division that sold security equipment to businesses and bars. Coleman is traveling the majority for the time; he often spends three months in a row on the road. While on a sales trip to Colorado‚ in March of 2008‚ Coleman stole a ring for his wife. Then‚ Coleman met John at Jimmy’s Poor-Man Bar. While
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1. | Question : | Teddy’s Supplies’ CEO has asked you to advise him on the facts of the case and your opinion of their potential liability. Write a memo to him that states your view of whether the company is exposed to liability on all issues you feel are in play. Include in your memo any laws that apply and any precedent cases either for or against Teddy’s case that impact liability. Include your opinion of the "worst case" of damages the company may have to pay to Virginia. | | | Student
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Raymond Burke’s idea is great. It gives us the safest hit in the new market and keeps our risk low. The con is that we might lose our technological advantage in 2 years. Another con is that we lose most of our control and money if we partner with an existing company. Kathy Lee’s idea brings up a lot of concerns. She wants to keep complete control of the vehicle and only market it to the select few that are already devoted to us. The pros of this are that we keep our tech advantage to ourselves
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business entity for any individual(s) will depend on their particular facts and circumstances. You are a valued colleague and friend of this threesome‚ and they have come to you seeking advice as to how to structure their new business. They have the knowledge to figure it out themselves but are looking for the advice of an unbiased third party. Please consider the following tax and nontax considerations as you recommend an entity choice to Penelope‚ Mark‚ and John. Part I: Discuss the various forms
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needs training on how to handle customers. Our entire staff will have to undergo training on how to handle irate customers. We have to understand that a customer is not upset at you personally they are upset at the situation and you represent the company. The training will cover how to avoid letting the customer get to you and how to hone certain listening skills. We will be
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remaining amount will be the taxable income. Lawyers either work on a salary in a big law firm‚ or work directly with clients and collect the fees from these clients. If it is a salary‚ then it will be taxed the same way as ordinary income in the W-2 form‚ and if it is a business income like in our situation here with John‚ then it will be treated as a self-employment income that will be taxed after deducting any business expenses. The $300‚000 is included in John’s Gross Income. Section 61 of
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