Case 39 1 Limited Liability Company Siva V 1138 Llc

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    Lakeside Company: Case 1

    Lakeside Auditing Case Study Case 1 Prepared by: January 27, 2011 1: An independent annual audit can provide credibility to information, and this could be very helpful for decision making. In this specific case, the owner of the Lakeside requires an independent CPA firm to perform an annual audit because the owner wants to show the public a “good-look” of its financial statements; since he would like to receive more capital by making his company public. In addition, good-looking financial

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    Case Study 1: Harriet’s Fruit and Chocolate Company

      1. Determine the investigation you will do with regard to the physical infrastructure of the orchards, orchard shacks, and the cold storage building. After doing some detailed investigations of the physical infrastructure of the orchards, orchard shacks, and the cold storage building revealed some ideas that we can implement in the network design. The investigation also showed that wireless technology would be the best solution between the three areas. With that being said the orchard area would

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    Johnson Bank V. George Korbakes & Company, Llp

    Case 51.2 Accountant’s Liability: Johnson Bank v. George Korbakes & Company, LLP Keller School of Management   Case Questions: Critical Legal Thinking Which of the following three legal theories did the Court apply in making its decision in this case? a. Ultramares doctrine b. Section 552 of the Restatement (Second) of Tort c. Foreseeability standard Before we can determine the doctrine used by the court, I would like to first dismiss the ones that do not apply. a. The court could not

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    Limited Liability Corporation and Partnership Paper

    Limited Liability Corporation and Partnership Paper University of Phoenix FIN/419 November 26, 2012 Every business has a basic idea of the entity in which to establish. Capitalization and protection is the main focus to establish the business with a question of which type of entity should a business use to move forward. Businesses have a host of factors when making this decision, the most common forms of these entities are, partnership, corporation, sole proprietorship

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    Case 19-1: Bennett Body Company

    Case 19-1: Bennett Body Company Note: This case is unchanged from the Eleventh Edition. Approach This case contrasts a standard cost system with an actual job cost system, and thereby brings out several points about cost accounting, including: the purposes for which cost accounting data are used; the paperwork involved in cost accounting; the use of costs for pricing; the problem of controlling costs under the two types of systems; and the problem of the normal overhead rate. Students may have

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    Business Law and Company Liability

    Liability of the members in relation to the obligations of the business organisation Sole proprietorship The sole proprietor and the owner is regarded as the same entity. Therefore, the owner has unlimited liability in relation to the obligations of the business organisation. This would be a disadvantage as the owner’s personal assets are at risk as the owner is personally responsible for all debts and obligations of the business as regarded by law. Partnership Same as above. Limited

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    Limited Liabilities and Partnerships

    Limited Liability Corporations and Partnerships Paper Limited Liability Corporations and Partnerships Paper Business owners, when starting their company, have a decision to make; either start it on their own or start it up with someone else backing them. If they start on their own small business then they have to come up with the funds to do so. If they don’t have those funds they can try to get a loan. Owners may find that starting a business may require large amounts of funding

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    Limited Liability Partnership in Malaysia

    Based on S.3(1) of Partnership Act 1961 (PA 1961), partnership is the relation which subsists between persons carrying on business in common with a view of profit. Partnership offers flexibility where its members are allowed to agree or disagree upon its arrangements. The traditional partnerships found in Malaysia are the limited partnership and the general partnership. In general partnerships, partners have unlimited liability towards the debts of the company. Unlimited liability is defined as

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    Zheng V. Liberty Apparel Company

    ZHENG v. LIBERTY APPAREL COMPANY INC 88 91 998 103 No. 02-7826. Argued:  Jan. 16, 2003. -- December 30, 2003 Before:  WINTER, LEVAL, and CABRANES, Circuit Judges. James Reif (Margaret A. Malloy, of counsel), Gladstein, Reif & Meginniss, LLP, New York, NY, for Plaintiffs-Appellants.Michael H. Klein, Kestenbaum, Dannenberg & Klein, LLP, New York, NY, for Defendants-Appellees.Jennifer S. Brand, Assistant Attorney General (M. Patricia Smith, Assistant Attorney General, Daniel J. Chepaitis,

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    Hussein V. L.A. Fitness International, Llc – Case Brief Summary

    Hussein v. L.A. Fitness International, LLC – Case Brief Summary Christopher G. Staton Columbia Southern University Facts On February 14 2009, Sahal Hussein became a member of a fitness club at a Chicago based L.A. Fitness, which is a chain of fitness centers headquartered in Irvine, California. On July 7, 2009, Mr. Hussein was visiting the Chicago based L.A. Fitness. During his visit, while using the upper and lower bar and movable and adjustable bench on an assisted dip/chin exercise machine

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    Case 36.1, Garden City Boxing Club, Inc. V. Dominquez

    Case 36.1, Garden City Boxing Club, Inc. v. Dominquez, page 707 1.  What if the facts were different? If Mundelein had identified itself as a residence when ordering the satellite system, how might the result in this case have been different?  If Mundelein would have identified itself as a residence instead of a business, Mundelein would have had to pay GCB instead of Luis Dominguez.  They would have committed fraud as a business and would have been liable to either pay GCB themselves or pay back

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    Company Law Case

    Question 1 The main parties involved in this issue are Wong Siu Long (“SL”) and Wong Siu Foong (“SF”), who are siblings. Both of them are involved in the running of their family business, Weng Fatt Jewellers Pte Ltd (“WFJ”), which manufactures and sells contemporary fine jewellery. In WFJ, SL handled the core business while SF was in charge of designing and ensuring the quality of the jewellery. In 2000, SF effectively retired from the business, but SF still had a significant influence on the

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    Business Law Study Guide

    This week also provides an introduction to the various forms of business. Small businesses, entrepreneurs, and general partnerships are explored. You discuss how a corporation is formed and how it can be financed. Finally, you study limited liability companies and limited partnerships, as well as franchises and special forms of business. This week further introduces you to the concept of alternative dispute resolution as a method for resolving disputes outside traditional litigation. After first

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    Company Delamere Pottery Limited

    Company Delamere Pottery Limited, which produces earthenware tableware, founded in 1997 after obtaining assets of T.G. Delamera & Co ltd. Company acquired a functional structure to better support the increase in turnover (Williamson et al., 2004, p. 53) in new markets areas that offer greater margins. To enhance the competitiveness, company launched a new strategies in business, marketing and finance mainly to increase gross margins by 10% and increase customer satisfaction together with a reduction

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    Shlensky V. Wrigley

    Law 494 Part 1 Shlensky v. Wrigley Facts: William Shlensky (plaintiff/appellant), minority stock holder for the Chicago Cubs baseball team sued the team directors who deferred the case to Phillip Wrigley (defendant/appellee) stating mismanagement and negligence because of the refusal of the directors in installing lights at Wrigley Field, home field for the Chicago Cubs. Procedural History: Plaintiff original case was lost at trial and plaintiff appealed. Issue: The issue

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    Case Analysis on Private Fitness, Llc

    I. Background/Issues and Concern Rosemary Worth was talking about the consequences of a theft that had recently occurred at the business she owned, Private Fitness, LLC. Private Fitness is a small health club located in Rancho Palos Verdes, California, an upscale community located in the Los Angeles Area. As manager of the business, Rosemary hired Kate Hoffman, one of the instructors and a long-time friend. Kate’s primary tasks included marketing, facility upkeep, scheduling of appointments, and

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    Case 15-1: Private Fitness Llc*

    It is not easy to become a corporate company. When entrepreneurs like Rosemary enters the market with limited sources, the very important thing is to create a team. The team members should be professional of their business in accordance with the jobs that they are doing. Rosemary is an instructor and she also hired 5 instructors to run the classes and training sessions. It is very suitable to hire instructors for training. And training is also a field that Rosemary has experience. Apart from them

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    Case 15-1: Pivate Fitness *Llc

    relationships, and basic amenities like good governance and community resources. Read on for more tips and tricks on how to unlock the happier you. Edit Steps 1. 1 Be optimistic. In the 1970s, researchers followed people who'd won the lottery and found that a year afterward, they were no happier than people who didn't. This hedonic adaptation[1] suggests that we each have a baseline level of happiness. No matter what happens, good or bad, the effect on our happiness is temporary, and we tend to revert

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    Li Ning Company Limited 2012

    Li Ning Company Limited Philip Warwick, Durham University Business School January 2013 Background Li Ning Company Limited (LNCL) is China’s largest sports apparel firm and in Li Ning, it owns what is one of China’s most well known home grown brands. Despite its strength in China, few business analysts outside China and Hong Kong are familiar with LNCL and few sports enthusiasts are aware of the Li Ning brand even though they have probably seen it being worn by sports men and women at major sporting

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    Salomon V. Salomon Case

    Salomon v. Salomon & Co. [1897] A.C. 22 (H.L.) Salomon v. Salomon & Co. (1896), [1897] A.C. 22 (H.L.) is a foundational decision of the House of Lords in the area of company law. The effect of the Lords' unanimous ruling was to firmly uphold the concept of a corporation as an independent legal entity, as set out in the Companies Act 1862. | | Background: Aron Salomon was a successful leather merchant who specialized in manufacturing leather boots. For many years he ran his business as a sole

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    Legal Personality of a Limited Company

    ------------------------------------------------- DEPARTMENT OF ADMINISTRATION ------------------------------------------------- ------------------------------------------------- Course: Company Law ------------------------------------------------- ------------------------------------------------- Assignment: Discussing the Legal personality of Companies ------------------------------------------------- ------------------------------------------------- Submitted to: -------------------------------------------------

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    Case 1: Capital Mortgage Insurance Company

    Case 1: Capital Mortgage Insurance Company Overview This case is set in the late 1970’s and describes an acquisition attempt by Capital Mortgage Insurance of Corporate Transfer Services. CMI is a company that sells mortgage insurance to mortgage lenders and banks but executives at CMI want to grow into the real estate relocation industry. Corporate Transfer Services assists employees who have been transferred to a new city as they try to find a new home. Capital Mortgage Insurance Corporations

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    Case 6-1 Browning Manufacturing Company

    Case 6-1 The Browning Manufacturing Company’s management team uses a projected budget in order to compare actual financial results to expected financial results. According to the management team, each department is dependent upon each other to provide estimates of future revenues and expenses. The departments consist of finance, sales, manufacturing and purchasing. The estimates are used to devise a projected profitable plan for the upcoming year. After each department supplied their estimates

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    Kruse V Coos Head Timber Company

    CITATION: Darwin Kruse, Appellant, v. Coos Head Timber Company, Respondent 432 P.2d 1009 RESEARCH PROCESS: A coworker of mine who attends Duquesne Law School helped me locate this case. I went to the law school library with him to find and print the case from the database. I used Google Scholar and Lexis Nexis to find the article relating to the legal concept this case addresses. NATURE OF THE CONTROVERSY: Darwin Kruse, an employee of Coos Head Timber Company, was suing his employer because

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    Wrench Llc V. Taco Bell Corp

    | | |Wrench LLC v. Taco Bell Corp. | |Case 9.1: Implied-in-Fact Contract | |

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    The Separate Legal Personality of a Company Means That Shareholders of the Company and Directors of the Company Are Not Responsible for Any Liabilities That Arise as a Result of the Actions of the Company

    The Limited Liability Act 1855 was the first Act in the UK legal system that identified the concept of limited liability, which illustrated shareholders would only be liable up to their invested amount of money as capital in the company, later on this Act had been replaced by Stock Companies Act 1856 and consolidated with Companies Act 1862 (CRHK, 2014).Until 1897, the decided legal case of Salomon v A Salomon & Co Ltd, the concept of separate legal personality had been ingrained around the world

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    Motorola Company Case 1-4 Summary

    products. Motorola has achieved over$ 5.5 billion in sales, employed over 99,000 people and spent $411 million in research and development. By the 1960s, it sold semiconductors products, communications equipment, and components to consumers, industrial companies, and the military throughout the world. To exploit fully the growing demand for semicustom integrated circuits, Motorola organized the Application Specific Integrated Circuits (ASIC) Division as part of the Semiconductor Products in 1984. The controller

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    Limited Liability Corporation and Partnership Paper

    Limited Liability Corporation and Partnership Paper K. Smith FIN/419 June 2, 2014   The thought of running your own business can be very overwhelming. There are many things to be considered when starting a business. It involves writing a business plan, choosing a location, knowing whether to get a loan or start the business with another individuals. Knowing whether or not you will start the business as an individual or with a partner will help with the next question. How will you structure

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    Denny V. Ford Motor Company Case

    In this case, Nancy Denny was under the impression that she was purchasing a Ford Bronco. She was purchasing this Bronco because of its perceived safety benefits of its four-wheel-drive capacity and its ability to switch between two and four wheel drive if she had concerns about driving in the snow and ice. She testified that she did not purchase the Bronco for any off road purposes and that according to the sales presentation the Bronco was very suitable for commuting and for suburban and city driving

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    Boeing Australia Limited Case

    Boeing Australia Limited Case   Boeing Australia Limited Case Report Table of Contents Page Part 1 Executive Summary 2 Part 2 Issue Identification 3 Part 3 Environmental and Root Cause Analysis 3 Part 4 Alternatives and Options 4 Part 5 Recommendations and Implementation 6 Part 6 Monitor and Control 7 Part 7 Conclusion 7   Part 1: Executive Summary Following a detailed

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    Limited Liability Corporation and Partnership

    Limited Liability Corporation and Partnership Jacob Sanchez FIN-419 December 22, 2014 Michele Huss Limited Liability Corporation and Partnership Introduction Many people attempt to start businesses annually and need a little guidance on what their best choices are for forming the blueprint of their future endeavors. Limited Liability Corporations and Partnerships are a couple choices that can be chosen by some entrepreneurs. They have some things in common, and also have distinct differences

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    Limited Liability Corporation

    with limited liability. Capital of LLC is formed with members’ contributions. Each members owns amount of members units (shares) according to his/her contribution. Liability. Owners of a LLC have the liability protection of a corporation. A LLC exists as a separate entity much like a corporation. Members cannot be held personally liable for debts unless they have signed a personal guarantee. Income taxes. Income of a Limited Liability Company is a subject to pass through taxation – company doesn’t

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    Assn. 1: Bottling Company Case Study

    Miranda D. Wade Assn. 1: Bottling Company Case Study Strayer University Professor Anthony Myers MAT 300-Statistics 06/15/2014 Imagine you are a manager at a major bottling company. Customers have begun to complain that the bottles of the brand of soda produced in your company contain less than the advertised sixteen

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    A Case Analysis on Corporate Criminal Liability

    A CASE ANALYSIS ON CORPORATE CRIMINAL LIABILITY Abbreviations RNRL- Relinace natural resources IPC- Indian Penal Code UOI- Union of India All ER - All England Law Reports (United Kingdom) CriLJ – Criminal Law Journal Table of cases 1. Lord Reid in Tesco Supermarkets Ltd. v. Natrass [1971] All ER 127 2. Zee Telefilms Ltd. v. Sahara India Co. Corporation Ltd., (2001) 3 Recent Criminal Reports 292. A. K. Khosla v. S. Venkatesan (1992) Cr.L.J. 1448 3. KalpanathRai v State

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    Case Summary on Momentum Group Limited V African Life Health (Pty) Ltd (Cac)

    Caption: Momentum Group Limited v African Life Health (Pty) Ltd (CAC) 58/CAC/Dec05 Heard in the Competition Appeal Court Decided 14 February 2006. Judgment written by Malan AJA. Davis JP and Mailula AJA concurring. Facts: This case dealt with the review and appeal of the decision of the Competition Tribunal. The applicants in the case are Momentum Group Limited (“MGL”) and two non-executive directors, L. Dippenaar and J Burger, who are the CEO and CFO of First Rand Limited (“FRL”), respectively

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    The Case of the Unidentified Company

    REPORT 2014-15 India is at the threshold of a new era of growth and opportunity. This is driven by increasing economic activity, ongoing ‘Make in India’ initiatives and a demographically well-placed, aspirational society. Reliance Industries Limited (RIL) continues to be a partner in India’s ongoing journey towards economic and social well-being, and remains committed to investing in and innovating for India. RIL is striving to meet and exceed global benchmarks in product quality and customer

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    The Company Results of Woolworth Limited

    Michael Luscombe Chief Executive Officer Tom Pockett Finance Director Company Results Full Year ended 28 June 2009 Highlights for Financial Year 2009 • This has been a successful year with our business performing well overall in a difficult economic climate • The result is the outcome of our consistent delivery against our clearly defined strategies — proving that Woolworths is built to deliver sustainable results over the long term • The result reflects increased customer acceptance of

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    Limited Company

    this paper focuses on several aspects of company organization and financing. Companies may be divided into two categories: limited and unlimited companies. Limited companies are liable for the amount of capital invested in them, therefore they are more popular. The majority of companies begin as private limited companies. As a result of successful growth a company can decide to become a public limited company or a listed company .Publicly quoted companies must fulfil a large number of requirements

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    Case Study Analysis of Palsgraf V. Long Island Railroad Company

    Case Study Analysis of Palsgraf v. Long Island Railroad Company Michael J. Roberts Liberty University Palsgraf v. Long Island Rail Company is a case where the plaintiff, Ms. Palsgraf, was on one end of a train platform when a package was knocked out of the hands of another passenger who was attempting to board a moving train with the assistance of a guard, the defendant, on the other end of the train platform. The package being knocked out of the passenger’s arms and onto the ground created

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    Iridium Llc

    Strategic Finance Management Project [pic] Iridium LLC Submitted to Prof. S. Kuntluru Prepared By GROUP 7 Ajinkya Parab (20% contribution) Azeera Aziz (20% contribution) Keerthi Sindhuri (20% contribution) Shachi Tayal (20% contribution) Shraddha Jose (20% contribution) 1.      Assuming the market was rational at the time (i.e. market prices reflect fundamental values), how much was Iridium worth on a per share basis at the end of 1998 according

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    Case 19-1 Bennet Body Company

    Case 19-1 Bennett Body Company 1. In response to the email of Paul Bennett: The Bennett system has a higher cost of paperwork because we are using the Job Order Costing and the Conley System uses process costing. Conley Corporation uses Process costing in accumulating cost of production. We are costing products based on per job order bases. Conley is costing their production on a per department basis because it has standard model design. Our products are based on costumer's specification

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    Application - Limited Liability Partnership

    partnership is considered to be a legal relationship between two or more persons who carry on a business with the objective of making a profit and sharing it between or among themselves; however, the persons are equally liable for its debts. A Limited Liability Partnership (LLP) is a form of partnership that protects its members from being personally liable for negligent acts conducted by other partners or employees under their supervision. It is a popular business structure given that the partnership

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    Wilson Brother Limited Case

    The Wilson Brothers Limited Case You have recently been hired as the HR manager responsible for two separate Ontario locations belonging to Wilson Brothers Limited. You have been asked by the HR Director at the head office in Brandon, Manitoba, to quickly provide a report on any initial HR issues related to Recruitment and Selection, Compensation and Benefits, Health and Safety, Training and Development and Labour and Employee Relations that are affecting or will affect the Cambridge operation and

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    Sole Proprietorship and Limited Liability Company in the U.S

    Sole Proprietorship and Limited Liability Company in the U.S Follow the crowd or choice a new way? This essay discuss the two types of company, Sole Proprietorship and Limited Liability Company (LLC). Nowadays additional amount of people are starting their own business, the most common type of business are Sole Proprietorship however LLC are amounting. Therefore we states that LLCs are more suitable for startups because of it’s new thinking and security. Sole Proprietorship is the simplest

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    Case 1 Company

    JetBlue: Delighting Customers through Happy Jetting In 2007, JetBlue was a thriving young airline with a strong reputation for outstanding service. In fact, the low-fare airline referred to itself as a customer service company that just happened to fly planes. But in Valentine's Day 2007, JetBlue was hit by the perfect storm-literally-of events that led to an operational meltdown. One of the most severe storms of the decade covered JetBlue's main hub at New York's John F. Kennedy International Airport

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    Private Fitness Llc Case Study

    CASE STUDY: PRIVATE FITNESS, LLC I-Summary Private Fitness, LLC a private fitness owned by Rosemary Worth, a small health club which is located in Rancho Palos Verdes, California- an upscale community located in Los Angeles area. The services offered by the club were personal fitness training and fitness classes of various types including aerobics, spinning, body sculpting, air boxing, kickboxing, hip hop, step and pump, dynamic stretch, Pilates and yoga. Private Fitness LLC Rate for services

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    Taxation of Individuals and Limited Companies in the United Kingdom

    Taxation of individuals and limited companies in the United Kingdom Contents Task 1: Duties and responsibilities of the tax practitioner in the UK tax environment 3 Executive summery 3 1.1 UK Tax Environment 3 1.2 The role and responsibilities of the UK Tax Practitioners 6 1.3 The tax obligations of tax payers or their agents and the implications of noncompliance 8 Task 2: Personal Tax Liabilities for Individuals and Partnerships 9 Introduction 9 2.1 a) Calculation of the relevant

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    Mini Case Homework 1

    Mini Case Assume that you recently graduated and have just reported to work as an investment advisor at the brokerage firm of Balik and Kiefer Inc. One of the firm’s clients is Michelle DellaTorre, a professional tennis player who has just come to the United States from Chile. DellaTorre is a highly ranked tennis player who would like to start a company to produce and market apparel she designs. She also expects to invest substantial amounts of money through Balik and Kiefer. DellaTorre is very

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    Budget for Fosters Company Limited

    financial performance over the 10 year period from 2000 – 2009 is provided below. 3.0 SUMMARY OF PROJECTED PERFORMANCE 3.1 In 2010 we will build on the successful business strategy from 2009 that introduced a new company structure, a new leadership team and a new culture that is now being embedded across the organization. 3.2 The restructured business focuses on the three areas of Growth, Efficiency and Capability and our budget focus will be primarily on driving

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    Case Study 3, Zatswho Llc

    1. What tips can you offer Cooper and Schwinoff about family members who start and run a business together? What pitfalls would you warn them to avoid? I would recommend them to get as many agreements done in advance as possible. Having a solid business plan which clearly defines the company structure, responsabilities, direction, and roles, is an essential piece. Knowing each family member’s experience and background, they need to respect any decision either of them make on their jobs. Another

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