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Author Question: If Farmer Bill and Farmer Sue decide to pool their farm products and sell them, they have probably ... (Read 188 times)

bclement10

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on: Jun 24, 2018
If Farmer Bill and Farmer Sue decide to pool their farm products and sell them, they have probably created a cooperative.
  Indicate whether the statement is true or false

Question 2

R is putting together a syndicate for the purpose of constructing four duplexes on a piece of land he now owns. R would like to raise 200,000 for construction of the duplexes. He would allow the investors to share in any income produced and also would like them to have the benefits of the depreciation deductions that would be quite large for the first few years after completion of construction. Advise R on what is available. R also notes that he would like to avoid the SEC completely.


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Harbringer

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Reply #1 on: Jun 24, 2018
Answer to Question 1

TRUE

Answer to Question 2

If R wants them to have losses, either a partnership or Subchapter S is appropriate. With such a small amount, R could qualify for a 504 exemption or perhaps intrastate offering.


bclement10

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Reply 2 on: Jun 24, 2018
:D TYSM

6ana001

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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