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A partnership requires serious consideration of both legal and tax implications, similar to the consideration required when planning and forming a corporation. Complete a writing activity based on the following situation: Two brothers and a friend are in the process of starting an information technology services company. Each of the prospective partners has relevant experience and knowledge. The company will offer network and hardware support as well as selling software and hardware products. Please discuss, at a minimum, the following issues that should be considered in the planning and formation process: Discuss key legal and tax considerations in planning the formation of a partnership and/or LLC. Be sure to acknowledge interrelated connections between law and tax, and their effects on each other. Offer important agreement terms and conditions that should be covered by any formal formation document such as a partnership agreement. Your paper must be a minimum of 2 pages (700 words).
Discuss the pros and cons of the U.S. Federal Government guaranteeing the pension funds of a private company when it declares bankruptcy. Discuss whether the U.S. Federal Government should guarantee and state your rationale.
Internal ratios are literally that - ratios comparing figures related to the organisation's own accounts only.
What is the new equilibrium price level and level or real output? I need answers with charts
Prepare a schedule showing the intangible section of Lewis's balance sheet at December 31, 2011 and prepare a schedule showing the income statement effect for the year ended December
Calculate the total bid if you base your calculations on the September 15, 2005, invoice assuming a cost plus 15% government contract and what are the main discrepancies between the bids you calculated in #1 and #2?
What is the net present value of the proposed investment and cash flow impact of the equipment as well as the time-value of money, would you recommend that ABC Company purchases the equipment?
Evaluate whether ABC Wines should go ahead with the installation of the new irrigation system and whether they should use the purchase or the lease option and explain the primary ways in which finance leases differ from operating leases.
The stated interest rate on the note is 8%. By issuing the note Lambert acquired some office equipment with a fair value of $107893. Create the journal entries to record the transaction and the interest expense at the end of the first year.
1. juicy energy industries develops and produces biomass an alternative energy source. the company has an outstanding
If $2,000 is determined to be specifically uncollectible, what effect will the write-off of the specific receivable have on: accounts receivable and allowance for doubtful accounts?
1. one month before the end of the financial year christine paid pound12000 for the annual rent for her office. however
the senior managers did not support making the investment. Why would the senior managers at Quantum Products have an incentive to overinvest?
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