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Author Question: To meet the requirements of the FTC, the franchisee must make a minimum payment of at least 540 ... (Read 47 times)

j.rubin

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on: Jun 24, 2018
To meet the requirements of the FTC, the franchisee must make a minimum payment of at least 540 during the first six months of operations.
  Indicate whether the statement is true or false

Question 2

R is a shareholder in a newlyformed corporation that is involved in real estate development. There are five shareholders and income will be derived from rental properties only. The other four shareholders wish to elect Subchapter S status. R does not want to and tells the others he has doubts about the corporation qualifying for Subchapter S treatment. What result?


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iman

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

TRUE

Answer to Question 2

R is right - there will be too much passive income. The election to go Subchapter S must be unanimous.


j.rubin

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Reply 2 on: Jun 24, 2018
YES! Correct, THANKS for helping me on my review

essyface1

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

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