September 2023 Business Finance Assignment
for kim woods
Week 6 Discussion (cover both bullet points 1-2 paragraphs)
“Partnership Tax Year and Limited Liability Partnerships” Please respond to the following:
The IRC restricts the choices for a partnership‘s tax year to prevent the deferral of tax. This causes most partnerships to adopt a calendar year for tax reporting. From the e-Activity, create a scenario using a fiscal tax year which allows a partnership to defer taxes that meet the requirements of Sections 706 and 444 of the IRC.
As discussed in the text, large accounting firms and other professional firms operate as limited liability partnerships (LLPs). Contrast the LLP form of business under state laws to the LLP for tax purposes. Next, suggest the major reasons why a new entity would choose an LLP over a traditional partnership for tax purposes.
Week 7 Discussion (cover both bullet points 1-2 paragraphs)
“S Corporation” Please respond to the following:
Per the text and IRC, losses and deductions of an S corporation pass through to the shareholders of the corporation and are limited to the shareholders’ basis in the S corporation. Suggest a plan for a client to increase the deductible pass through loss and deductions over the initial investment from a new wholly owned S corporation.
From the e-Activity, differentiate between the treatment of S corporation distributions from corporations having no earnings and profits, and corporations having accumulated earnings and profits. Suggest the most significant reason for the difference in the treatment of distributions. Justify your response.
Assignment 2: Employment-At-Will Doctrine
Due Week 5 and worth 150 points
Imagine you are a recently-hired Chief Operating Officer (COO) in a midsize company preparing for an Initial Public Offering (IPO). You quickly discover multiple personnel problems that require your immediate attention.
John posted a rant on his Facebook page in which he criticized the company’s most important customer.
Ellen started a blog to protest the CEO’s bonus, noting that no one below director has gotten a raise in two (2) years and portraying her bosses as “know-nothings” and “out-of-touch”
Bill has been using his company-issued BlackBerry to run his own business on the side.
After being disciplined for criticizing a customer in an email (sent from his personal email account on a company computer), Joe threatens to sue the company for invasion of privacy.
One of the department supervisors requests your approval to fire his secretary for insubordination. Since the secretary has always received glowing reviews, you call her into your office and determine that she has refused to prepare false expense reports for her boss.
Anna’s boss refused to sign her leave request for jury duty and now wants to fire her for being absent without permission.
As an astute manager, you will need to analyze the employment-at-will doctrine and determine what, if any, exceptions and liabilities exist before taking any action. As you proceed with your investigation, you discover the company has no whistleblower policy.
In preparation for this assignment, use the Internet or Strayer Library to research your state’s employment-at-will policy.
Write a four to five (4-5) page paper in which you:
Summarize the employment-at-will doctrine and all the exceptions to the doctrine discussed in the text and then, evaluate three (3) of the six (6) scenarios described by determining:
Whether you can legally fire the employee; include an assessment of any pertinent exceptions to the employment-at-will doctrine.
The primary action(s) that you should take to limit liability and impact on operations; specify the ethical theory that best supports your decision.
Examine your state’s policy on employment-at-will. Analyze at least one (1) real-
world example of an employee or employer utilizing your state’s employment-at-will doctrine in the last five (5) years. Include a summary of the main issue and the outcome in the identified real-world example.
Use at least three (3) quality resources in this assignment.Note: Wikipedia is not an acceptable reference and proprietary Websites do not qualify as academic resources.
Your assignment MUST follow these formatting requirements:
Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions.
Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.
The specific course learning outcomes associated with this assignment are:
Analyze and apply the concepts of freedom versus responsibility and ethical decision making.
Analyze and evaluate laws that protect against discrimination in the workplace.
Analyze and evaluate the employment-at-will doctrine and exceptions, as well as the protections afforded whistleblowers.
Explore the legal and ethical issues surrounding employee and consumer privacy.
Use technology and information resources to research issues in law, ethics, and corporate governance.
Write clearly and concisely about law, ethics, and corporate governance using proper writing mechanics.