Question: Alan Waung a Hong Kong businessperson purchased a golf course
Alan Waung, a Hong Kong businessperson, purchased a golf course in Saginaw, Michigan, as an investment. As an avid golfer, Alan anticipates spending several weeks during the year at his "Northern Pines" course. He has been informed that a Subchapter S corporation would allow him and his family-member shareholders to be treated as partners for U.S. tax purposes while retaining the limited liability of the corporate form. Advise Mr. Waung on this matter. What form of business organization would you recommend?
Relevant QuestionsKate Haley, an experienced builder, formed a limited partnership in August 2011, along with two limited partners, Drs. Growbioski and Gailen, who each provided $100,000 to the partnership for initial capital for the ...John and Amelia have general commitments from a number of individuals to invest in their Sproondrift Cove Club golf course and distinctive residential community in Duval County. John wants to form a limited partnership. He ...Graham and Black were each 50 percent shareholders of a building supply business. When Graham filed a petition to dissolve the corporation under RMBCA §14.30, the court appointed a custodian with full powers to run the ...Adams and two other persons were promoters for a new corporation, Aldrehn Theaters Co. The promoters retained Kridelbaugh to perform legal services in connection with the incorporation of the new business and promised to pay ...William Carter, a former officer and employee of Wilson Construction Co., Inc., owned 317 shares of stock in Wilson. Carter left Wilson to become part owner and employee of C&L Contracting Co., which was a direct competitor ...
Post your question