Lauren, kathryn and emily close their medical business, pool their assets and open a surf shop. the state where they reside assesses corporations at an 8% tax rate and 12% on individuals, regardless of income. the sole requirement the girls are considering is finding the most tax advantageous business entity. for the foreseeable future the girls are not going to take dividends from the profits but reinvest profits back into the business. the wisest business entity would be

a. professional corporation.
b. limited liability corporation.
c. c corporation.
d. s corporation.

What is the best way for the inventor to protect his/her investment if the invention of a new composite material for turbofan blades is susceptible to reverse engineering?

Steele bicycle manufacturing company currently produces the handlebars used in manufacturing its bicycles, which are high-quality racing bikes with limited sales. steele produces and sells only 10,000 bikes each year. due to the low volume of activity, steele is unable to obtain the economies of scale that larger producers achieve. for example, steele could buy the handlebars for $31 each: they cost $34 each to make. the following is a detailed breakdown of current production costs: after seeing these figures, steele's president remarked that it would be foolish for the company to continue to produce the handlebars at $34 each when it can buy them for $31 each. calculate the total relevant cost. do you agree with the president's conclusion?

For each example identify the most appropriate ctso