Zoey is the CEO of a corporation she organized herself, and the corporation has 15 shareholders. The company operates in several states, as well as outside of the U.S. Her business consists mostly of training services for in-home medical care personnel. Her company would be a __________ corporation. Subchapter S Closely-held Professional
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Zoey is the CEO of a corporation she organized herself, and the corporation has 15 shareholders. The company operates in several states, as well as outside of the U.S. Her business consists mostly of training services for in-home medical care personnel. Her company would be a __________ corporation.
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- describe the various legal entities available to an entrepreneur when starting a business. These can be classified in two groups based on how income is taxed and availability of limited liability protection. 1What is the concept of double taxation of income, and which entities can avoid this double taxation? 2What is the concept of legal liability protection, and which legal entities are entitled to that protection?Mr. Hilal and his four friends have started a business by registering their company under the Commercial registry of the Ministry of Commerce and Industry. The company is not allowed to offer shares to the public. Based on the above, which business they are running? Lifestyle business Small business Corporation Limited Liability CompanyWhat business form would be most appropriate for Tim’s and why? Explain the benefits and drawbacks of the business form you chose. Explain which general state and federal laws (see resources below) might impact registration of Tim’s business, due to the fact that it is a restaurant business.
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- what is the business legal structure for Google search bar/google corporation? Is it Sole proprietorship, General Partnership, Limited partnership, C-Corporation, S-Corporation, Limited Liability Company, or Limited Liability Partnership?THE FOLLOWING ARE INTELLECTUAL RESOURCES EXCEPT: a.Copyrights b.Patents c.Brands d.CapitalFLAK Industries, Inc is a company that is engaged into the manufacturing, marketing and distribution of semiconductor materials, cable wires and other devices installed in computers, telephones and industrial machines. FLAK was incorporated by two communications engineers, Sherman Hotchner and Donn Moore in 1950, in Wyoming. All throughout the history of their business of operations, they have enjoyed a steady growth in the business. The secret to their success according to them was attributed to their very strong sense of updating themselves with the latest innovation in technological advancement. For them, technology was moving at a far better pace than any other man has imagined, and thus, they should be able to survive in the industry if they were able to get their hands on the proper equipment and training that money can buy. During the time when the United States Air Force (USAF) began opening the doors for independent contractors to bid for the very first on board computers…
- FLAK Industries, Inc is a company that is engaged into the manufacturing, marketing and distribution of semiconductor materials, cable wires and other devices installed in computers, telephones and industrial machines. FLAK was incorporated by two communications engineers, Sherman Hotchner and Donn Moore in 1950, in Wyoming. All throughout the history of their business of operations, they have enjoyed a steady growth in the business. The secret to their success according to them was attributed to their very strong sense of updating themselves with the latest innovation in technological advancement. For them, technology was moving at a far better pace than any other man has imagined, and thus, they should be able to survive in the industry if they were able to get their hands on the proper equipment and training that money can buy. During the time when the United States Air Force (USAF) began opening the doors for independent contractors to bid for the very first on board computers…In Taxation and Income Tax Laws TRUE OR FALSE A. A GPP and the partner may avail OSD only once. B. A partner of a general professional partnership may avail optional standard deductions even when GPP avail already OSDHow fill Form 1120 Corporations with this info: (it's a fake company) For learning purposes only The OMS Staff Solutions II company is a for-profit company registered as a corporation, with employer social security number 26-3029054, incorporated on January 2, 1994. The address of this company is 960 Amick Loop, Lakeland, Fl 33815. According to the company's books, there were the following items both at the beginning of the taxable year and at the end. Balance at the end of the year Dec. 31 2021Sales $5,500,000Salaries, commissions and bonuses to employees 900,000Federal Social Security 620,000Medical insurance 20,000Insurance…