Case Corporation

In response to learning activity 1 question 1, I agree that Beta Corporation is the principal. It is clearly stated in the text that “under corporation law the officers and all employees are agents of the corporation” (Advanced Business law and the Legal Environment, 2014, pg. 1325). However, I do not agree with your evaluation of the employees as principals. Arnold, Carol, Dave, and Erin are all agents of Beta Corporation. However, I may be inclined to argue that Carol, Dave, and Erin are all subagents of Arnold. This would hold true for all other employees of Beta Corporation. Due to the fact that Beta Corporation can be held liable for the actions of any of their employees, I believe that they are all therefore agents of Beta Corporation. As to Fred, I agree with you that he is an independent contractor and therefore not an agent. By reading the text, I came to the conclusion that the standard test for determining if someone is an agent or not is whether the corporation can be held liable for their actions.…

Issue 1: • Does Beta Corporation continue to qualify for the S corporation election even though Juan no longer owns 100% of Beta corporation’s stock (as of June 30th of Year 2)? Conclusion 1: • Yes, Beta Corporation still qualifies for the S corporation election because it continues to fulfill the requirements for an eligible small business corporation, regardless of the change in stock distribution. Analysis 1: As defined in Sec.1361(a)(1), an S corporation is an “eligible small business…

A S-Corporation is a closely held corporation that makes an election to be taxed under Subchapter S. Generally, S-Corporation is pass-through entity, which means the corporation’s income and losses passes through to you and you must report those on your individual income tax returns. S-Corporation shareholder who is actively engaged in the business is owner/employee. As an employee, you receive compensations for your services and are only personally responsible for 7.65% social security and…

Case Study: Haddock Corporation Student’s Name Institutional Affiliation Case Study: Haddock Corporation Often, there is a fine line between tax avoidance and tax evasion. While the former is legal, and the Preparer can pen a signature on the tax return, the latter is clearly fraudulent and legal, and can lead to a conviction in a court of law. The fact that the business owned by John pays inflated rent to him is seemingly suspicious and confusing and perhaps done to reduce distort its…

Case write-up I: Danaher Corporation How far can DBS travel? Is there a limit to the range of businesses in which Danaher can create value? The Danaher Business System (DBS) is a sophisticated and comprehensive strategy tool to create value that combines the advantages of an investment vehicle with excellent corporate portfolio management and strategy implementation. The DBS has had such a great success, delivering exceptional shareholder returns of 25% , that it seems unbeatable. Larry Culp,…

Sally Moolchan Tax Issue What are the tax consequence of distributions as applied to partnership, S corporation and C corporation? Conclusion The United State Internal Revenue Code was created to combine all the various laws relating to tax revenue into one concise document. It provided a simplify tax system for individual and business taxpayer. These tax codes help in determining the amount of tax you are required to pay and provide the basis for everything on your tax return. The IRC provided…

acquired.” If the Folke Corporation meets these two elements, then they can be held liable for Mr. Regan’s injuries. These two elements are: (1) “the virtual destruction of the plaintiff’s remedies against the original manufacturer is caused by the successor’s acquisition of the business”; (2) “the successor has the ability to assume the original manufacturer’s risk-spreading role.” The Folke Corporation meets one of the elements of liability through this exception because…

Privatization is a progression which transforms a government owned entity /business ,issued a commercial license which is open to competition and finally transformed into private ownership. In the Australian history Telstra Corporation limited was the largest public share issue by common wealth government and was the continuation of previous successful privatizations by the govt.held in 1990s, keeping in mind the growth and progress of Australian economy by this massive arrangement 1.…

Relevant Facts Mr. Smith bought a gas station which had no known groundwater or soil contamination issues at the time of purchase. Sometime after operated the gas station an issue of groundwater and soil contamination was determined to potentially exist. In response to the potential groundwater and soil contamination issues Mr. Smith elected to form a new corporation (XYZ) and performed a 351 transfer of the gas station and accompanying liabilities to the new corporation. It is assumed that…

MicroEconomics of the Charles Schwab Corporation Final Paper Tinsley Teague Tri-County Technical College Abstract The Charles Schwab Corporation is an American brokerage and banking firm based in San Francisco, California that was founded in 1971 by Charles Schwab as a traditional brokerage firm and investment newsletter publisher. Their mission is to provide customers with the most useful and ethical financial services in the world. Although there aren’t necessarily any production costs in…