Discuss about the c-corporation or s-corporation

Reference no: EM132001535

Question: Miley will contribute $1,000,000 cash to the venture and McLovin will contribute a building that has a $1,000,000 fair market value and adjusted basis of $400,000. Initially Miley thinks she wants to pay McLovin's $500,000 for a 50% interest in the building so she owns half of the building before they form the corporation.

- They want to know whether it would be better to operate as a C-Corporation or S-Corporation.

Reference no: EM132001535

Questions Cloud

What are the earnings per share in given problem : Minden CO has current assets of $180,000 (cash: $20,000, AR: $70,000, inventory: $90,000), and long term assets that had cost $400,000.

What are the type i and ii decision error costs : What are the Type I and II decision error costs? Which decision error is more likely to be discovered by the CEO?

Research the two cutover strategy options : After debating the cutover strategies, you have narrowed it down to two possible options - parallel start-up and direct cutover/conversion.

Distributing patches for operating systems and applications : Recommend a process to govern obtaining, testing, and distributing patches for operating systems and applications within the new data center.

Discuss about the c-corporation or s-corporation : Miley will contribute $1,000,000 cash to the venture and McLovin will contribute a building that has a $1,000,000 fair market value and adjusted basis.

Provide three examples of unintentional security threats : From the e-Activity, provide three examples of unintentional security threats and three examples of intentional security threats.

Supply of auto tires : What effect will each of the following have on the supply of auto tires? (Keeping all else constant)

What does your ideal workplace look like : What does your ideal workplace look like? How would you like to be treated? How should you treat others?

Finding the receivables turnover ratio : Minden Co has current assets of $180,000 (cash: $20,000, accounts receivable: $70,000 inventory: $90,000), and long term assests that had cost $400,000.

User Account

All Pages