Solution-What is meant by double-taxation

What is meant by double-taxation

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Question 1. What is meant by "double-taxation," and to which type of entity does it apply?

Question 2. Many household services professionals such as carpenters, plumbers, and electricians do business as sole proprietors. If they make a promise to their customers that their work (not the products themselves) will be free from defects for a certain period of time (i.e., a warranty), and then subsequently sell their business assets to another individual, is the buyer bound by the promises made by the seller? Why or why not?

Question 3. Some corporations are created for just a limited time. Can you think of any strategic reasons why founders would build a corporation for a short duration such as a year?

Question 4. Are rideshare drivers agents of the companies for which they drive? Why or why not?

Question 5. For which business organization types have you worked? Have you been the owner or part owner of an entity type? Have you either been the principal or agent in an agency relationship?

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What is meant by double-taxation

Reference no: EM133293201

Reference no: EM133293201

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