C 2-3 Bruce and Bob organize Black LLC on May 10 of the current year. What is the entity’s default tax classification? The default taxation for this company would be a partnership for federal income tax purposes. Are any alternative classification(s) available? An alternative tax classification can be an association which is taxable as a corporation or S corporation. If so‚ (1) how do Bruce and Bob elect the alternative classification(s) and (2) what are the tax consequences of doing so
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Organization Assignment Bob Vorlicek LDR 531 February 18‚ 2013 Rovella Phillips Managerial Organization Assignment Bre-X‚ a tiny mining company that was based out of Calgary‚ Alberta‚ Canada‚ claimed to have discovered extensive gold deposits‚ near Borneo‚ in Busang‚ Indonesia. This sent the company’s stock skyrocketing from a penny stock‚ trading under $1‚ all the way up to $300 (CAD) per share (Business Pundit‚ 2009). The gold scandal was perpetrated by three key individuals from Bre-X;
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This paperwork ACC 455 Week 2 Individual Assignment Problem Set includes solution of these exercises: C: 2-6 C: 2-40 C: 2-45 Business - Accounting Complete the problems found in Ch. 2 of Prentice Hall’s Federal Taxation 2010: Corporations . C:2-3 Black LLC C:2-54 Bear Corporation C:2-55 Wildcat Corporation C:2-56 Tax Strategy for Wildcat Corporation Read the scenario and respond to the questions. Support your answers with calculations‚ as needed
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Role and Functions of Law LAW/421 October 13‚ 2012 Professor A. Filidoro‚ Jr. Role and Functions in Law What is law? Law is a system of guidelines and rules that have been set in place to maintain order and conduct. In order to be successful in society or a business the Law plays a significant role in regulating behavior whether in school‚ home or work. This paper will discuss the functions and role of law in society as well as business‚ along with the functions and role
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The Roles and Functions of Law There are many different functions and roles of law in the business society. The business law is a common set of rules which presides over businesses. These rules ensure the social functions in peacekeeping‚ checking government power and promoting personal freedom‚ facilitating planning and realization of reasonable expectations‚ promoting social justice‚ and protecting the environment. Peacekeeping may be one of the most important roles of law in the business society
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Chapter 8 Section 1 -In 1789‚ the American people had a new Constitution. They also had a new Congress and their first President. -The United States was one fourth of its size today. All thirteen states were in the East. -The nation’s western border followed the Mississippi River. In the North‚ the Great Lakes formed much of the border separating the United States from British-controlled Canada. -In the South‚ the United States bordered on Spanish-controlled Florida and Louisiana. -In April of
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Role and Functions of Law Introduction Over time man has evolved from an uncivilized primate to a technological driven working machine‚ but that evolution could not have occurred without law. Law gives the backbone a society needs to flourish in a civilized and more or less positive way. Although laws in most societies are not perfect‚ they keep society members in check and prevent chaos from running amok. In this paper I will discuss the major roles and functions of law will be discussed including
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WEEK 2 Written Assignment I’m thinking no more than 1-2 paragraphs each for 3 & 4. 1. List the qualities (at least 6) that define life AND discuss how a single-celled organism‚ such as an Amoeba or a yeast cell‚ and a more complex one‚ such as a tree or a cat‚ matches up with each characteristic 1. Living things have cells. 2. Living things grow 3. Living things reproduce 4. Living things respond to stimuli 5. Living things use energy 6. Living things adapt to their environment A single celled
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“conduct in violation of the criminal laws of a state‚ the federal government‚ or a local jurisdiction‚ for which there is no legally acceptable justification or excuse.” Crimes can involve violence but do not have to do so. Unfortunately‚ crime is not rare in the United States. Three Components of the CJ System Our criminal justice system [The aggregate of all operating and administrative or technical support agencies that perform criminal justice functions. The basic divisions of the operational
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Addressing International Legal and Ethical Issues Simulation Summary LAW/421 April 23‚ 2012 Prof. McAdams Addressing International Legal and Ethical Issues Simulation Summary What are the issues involved in resolving legal disputes in international transactions? All contracts that deal with outside countries must be able to have some type of legal implementation (Melvin‚ 2011 page). There has to be some type of enforcement on the contract or it may never be resolved. What are some practical
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