Corporate Liquidations for the Lawyer and Accountant PDF Download

Author: Howard A. Rumpf
Publisher: Prentice Hall
ISBN:
Category : Law
Languages : en
Pages : 260

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Author: Howard A. Rumpf
Publisher:
ISBN:
Category :
Languages : en
Pages : 222

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Author: Howard A. Rumpf
Publisher:
ISBN:
Category : Liquidation
Languages : en
Pages : 232

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Author: Robert W. Wood
Publisher: Wolters Kluwer
ISBN: 0735516820
Category : Law
Languages : en
Pages : 284

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Written by a team of experts, this book explains conversions of existing partnerships and corporations to limited liability companies with in-depth legal, tax, and practical implications. It also details procedures from start to finish, including knowing when to use, how to form, and how to dissolve limited liability companies with federal tax treatment of each step. Topics discussed include: comparing LLCs to S Corporations and Partnerships and exploring the reasons LLCs may want to elect to be taxed as corporations - forming the LLC - withholding taxes on payments to foreign LLCs - converting accounting and law firms to LLPs - dissolution and liquidation - and more.

Author: The Law The Law Library
Publisher: Createspace Independent Publishing Platform
ISBN: 9781729716694
Category :
Languages : en
Pages : 38

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Methods of Accounting Used by Corporations that Acquire Assets of Other Corporations (US Internal Revenue Service Regulation) (IRS) (2018 Edition) The Law Library presents the complete text of the Methods of Accounting Used by Corporations that Acquire Assets of Other Corporations (US Internal Revenue Service Regulation) (IRS) (2018 Edition). Updated as of May 29, 2018 This document contains final regulations relating to the methods of accounting, including the inventory methods, to be used by corporations that acquire the assets of other corporations in certain corporate reorganizations and tax-free liquidations. These regulations clarify and simplify the rules regarding the accounting methods to be used following these reorganizations and liquidations. This book contains: - The complete text of the Methods of Accounting Used by Corporations that Acquire Assets of Other Corporations (US Internal Revenue Service Regulation) (IRS) (2018 Edition) - A table of contents with the page number of each section

Author: D. Larry Crumbley
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 478

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Author: Ronald Kudla
Publisher: Praeger
ISBN: 0899302750
Category : Business & Economics
Languages : en
Pages : 0

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The text is an invaluable guide in evaluating the suitability of liquidation as a corporate strategic planning tool. Factors such as taxes, regulations, market forces, cessation of business and government intervention are some of the reasons why firms decide to liquidate. The book also explores the mechanics of liquidation including severance agreements, employee stock options, and the use of legal, accounting and other experts in the liquidation process. Entrepreneurial Manager's Newsletter Voluntary liquidation entails selling all of a firm's assets for cash, paying off all outstanding debts, and distributing the remaining funds to stockholders as liquidating dividends. Kudla's book, which is the first systematic examination of the subject, will enable corporate executives to evaluate the suitability of liquidation as a corporate strategic planning tool. The author begins with an explanation of the rationale for liquidations and looks at the reasons why a firm may be worth more dead than alive, examining such factors as taxes, regulations, market forces, cessation of business, and government intervention. He describes the mechanics of liquidation; severance agreements for employees; employee stock options; and the use of legal, accounting, and other types of experts in the liquidation process. He discusses the major tax aspects, including the impact of the 1986 Tax Reform Act, and shows how corporation liquidations may benefit common stockholders. To illustrate the diversity of liquidation scenarios, Kudla offers case studies of three firms that found voluntary liquidation to be the most appropriate strategic alternative.

Author: Willard D. Horwich
Publisher: Rosenfeld Launer
ISBN:
Category : Business & Economics
Languages : en
Pages : 504

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Author: Johnsen Chen
Publisher: GRIN Verlag
ISBN: 3640089782
Category : Law
Languages : en
Pages : 11

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Essay from the year 2007 in the subject Law - Civil / Private, Trade, Anti Trust Law, Business Law, grade: B+, Oxford Brookes University (Nilai College), course: Business Law, language: English, abstract: Andrew in order to make the preparations for the new company has gone to make a loan of $100.000 from the bank. Moreover, the money was only transferred to the account of the company when it has been formed and it was acknowledged by Brandon for the benefit of the prospective Always True Ltd. After the liquidation the bank would like to recover the $100.000. The issue is whether or not the bank has the right to recover the loan. However, it is stated in the story that the money should be transferred into the account of the Always true when formed thus it means that the name of the principal is stated in the contract. Principal in legal terms means a person, fictitious or otherwise, who authorizes an agent to act to create one or more legal relationships with a third party (Wikipedia, 2007). According to Guest (1979), when agent contracts for named principal or whose name is disclosed then it may be laid down as a general rule where the agent drops out of the transaction as soon as the contract is made and acquires neither rights nor liabilities under it. In addition, Craig (N/D) stated that the principal must be named or at least be capable of being identified for the ratification to be valid. In the case of Schmaltz v Avery , where the plaintiff entered into a contract of charter-party with the defendant, the plaintiffs described themselves as agents of the freighters and it was provided in the contract that, since they were contracting ‘on behalf of another party’ all personal liability on their part should cease when the cargo shipped (Guest, 1979). Therefore I conclude that the company should be held liable as from the case study given, the contract signed have fulfilled the term above, where Andrew have disclosed the name of the company and the money was sent into the account of the company.

Author: Carter G. Bishop
Publisher: Warren Gorham & Lamont
ISBN:
Category : Business & Economics
Languages : en
Pages : 2036

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