Case Study : Colson, Inc. Essay

Whether all the shareholders must consent to the election of S status, under section 1362(a)(2)?

It is evident that IZL Corporation lost its competitive advantage due to unclear business strategy and as a result its market share dwindled and CEO Chuck Hansen ousted. For IZL Corporation to return to its old glory days, must

As a member of management Clive Jenkins is responsible for boosting employee morale to ensure that company goals are met

2. What types of symptoms did Jennifer, Cassandra, and James have in common? Which organ or tissue seems to

According to Model Business Corporation Act, one or more persons can act the incorporator or incorporators of a corporation by delivering articles of incorporation to the secretary of state for purposes of filing. Articles of incorporation must bear the name of the corporation that satisfies section 4.01 of the model act. It has to reflect the number of shares the corporation is authorized by law to issue and the corporation's street address. The names and addresses of each of the incorporator must also be reflected in the articles of incorporation (American Bar Association, 2008).

5. (TCOs 1, 2, 8, 9, and 10) One of your best individual clients is thinking about starting up a new business, and he is seeking your advice on which business form he should select. In particular, he’s trying to decide whether to operate the business as a partnership or a C corporation. Explain to him the significant tax and nontax issues that will arise from choosing each of these entities compared to the other, including how

| Any new domestic eligible entity with a single member is disregarded as an entity separate from its owner.

Paula Green, a U.S citizen and our client, is preparing to expand her business into landscaping field. Before the expansion, Paula already has already been operating the Green Thumb Nursery whose total assets with a $260,000 adjusted basis and a $500,000 FMV. To avoid the risk of paying unlimited debt, Paula plans to change business form from sole proprietorship into corporation. And Mary Brown, a U.S citizen and the other client, would like to invest $250,000 into this corporation.

The owner of Hansson Private Label (HPL) must determine whether or not to accept an aggressive expansion project that would preclude the company from pursuing any alternative investment opportunities for several years. The investment, if successful, would offer numerous benefits to the company, capturing greater market share, strengthening relationships with major customers, crowding out competition and increasing firm value. Nonetheless, the decision carries significant risks and could lead to a substantial decline in firm value, if not bankruptcy, should any number of variables prove unfavorable to HPL. Moreover, the project relies heavily on a contract with a single large

Information needs should be the driving force behind information systems. An information need is a business’s requirement to capture a specific piece of information or set of information points to meet a business necessity.

shareholders, would be secured under the "S" corporation. You would no longer have to fear that

* unity of purpose and focus under a common corporate strategy (further supporting the firm’s strategy as it relates to acquisitions and divestitures);

Have you ever had a colonoscopy or endoscopy – where they take a camera and look through your mouth down into your stomach; or a camera that goes in your rectum that looks through your bowel and intestines?

However when the case was brought before the House of Lords they reversed this decision and they favoured Salomon. They held that the company was formed correctly since the Company Act required seven members with a minimum of one share each. They noted that it was irrelevant that Salomon had the majority amount of these shares because the Statue did not mention a required amount of shares for each shareholder. It also doesn’t mention anything about these shareholders being independent of the majority shareholder or having any interest in the

The company should not have commenced any business activity or operation since incorporation or at least one year must has been passed since last business activity or operation.