Corporation Special Situations and Organization Structure (50 pts) Jane, Hunter, Renee, and Lynn form Bradley Corporation with the following consideration: | Basis to Transferor | Fair Market Value | Number of Shares Issued | From Jane - Equipment ($20,000 of depreciation taken by Jane in prior years) | $90,000 | $270,000 | 50* | From Hunter - Secret process | $5,000 | $100,000 | 20 | From Renee - Cash | $50,000 | $50,000 | 10 | From Lynn - Inventory | $85,000 | $130,000 | 20** |
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COMPANY PROFILE Bajaj Steel Industries Limited (Bajaj), Nagpur, India, established in 1961, is a public limited company, listed on Bombay Stock Exchange. The company is having world class engineering setup in its various plants situated in and around Nagpur. The present activities of the company are as below: A) Manufacturing * Largest and Modern Cotton Ginning & Pressing Machinery Manufacturer in India * World class Delinting and Decorticating machinery manufacturing * World class
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the advantages and disadvantages of partnerships and corporations 2. A corporation has several advantages for a business. They have a separate legal existence so that the corporation, not the stockholders, may borrow money, buy, own, and sell property, and it may sue or be sued. The stockholders also have a limited liability in a corporation. The personal assets of the owners may only be claimed by creditors if fraud has occurred. A corporation has transferable ownership rights. This means that
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invested $144 million in our global partnerships and programs: 48 percent in North America; 20 percent in Africa; 14 percent in Asia-Pacific; 14 percent in Eurasia, Europe and the Middle East; and 4 percent in Latin America. (Che10) These are large corporations with a great deal of assets and people to devote to increasing the quality of life in the communities they serve but it is possible on any level. Each business added to a community pays taxes to the local government. If the business has employees
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Page 1; 1 1. The Tanksalot Company is a subsidiary of the Goaway Corporation. The Tanksalot Company is embroiled in a lawsuit where the plaintiff is claiming that Tanksalot acted in a negligent manner. The plaintiff in this case wants to go after Goaway’s assets, in addition to the assets owned by Tanksalot. Both of the companies share payroll functions, legal departments, and accounting departments; yet, they have separate (but sometimes overlapping) executives in charge, customer support departments
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EXECUTIVE SUMMARY Proposed Project Smart Snacks is a group of four people who want to provide healthier snack options to those people that work five days a week, have a limited budget and limited time and want to make smarter choices about the food they consume. After visiting many office buildings, handing out product samples, and talking with numerous people, it was decided that the most efficient way to provide smart snacks was through vending machines. Vending machines are easy to acquire
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Environment of Business Basic legal environment this introduces the American legal system with particular emphasis on the relationship of laws with business. Which includes development of law, the judicial system, contract agency, Partnership Corporation, and government trade and labor regulations. All aspects of legal environment include business organization. Start with top management; they are production, and transportation, marketing, finance and accounting, and personal. Understand the law
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Concentrica Associates “Proven Pool of Sales Talent Working For You” Why Concentrica? Many of the companies we speak to despair at the idea of telemarketing because of bad experiences in the past. Nobody likes poorly qualified sales appointments that turn out to be a complete waste of time and we at Concentrica Associates are no different. We understand the pitfalls and our experienced team therefore only deliver highly effective lead generation, business development and outsourced sales services
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Each has its own unique properties, as well as some areas that are similar to all. In this paper, I will give scenarios of the following legal forms of business: sole proprietorship, limited liability partnership, Limited Liability Company, S corporation, franchise and corporate form. This paper will also discuss the justification as to why this business form is preferred. Sole Proprietorship. Suzie owns a shop that does body wraps that helps individuals have slimmer waists and thighs. People
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business . 5/27/12 Partnerships have many benefits, but they also can be maintained very easily. You do not have to register with your state and pay fees, as you do to establish a corporation or a (LLC). And with a partnership, filing income tax returns is relatively easy. Unlike a regular corporation, there is no need to file separate tax returns for the corporate entity and its owners. Another advantage of partnerships is the flexibility they offer. In partnership agreements, the partners
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