Jackson and Associates is a financial services company that was formed as a sole proprietorship by its
Question:
Jackson and Associates is a financial services company that was formed as a sole proprietorship by its owner, Bob Jackson (SSN 222-22-2222), on March 2, 2018. As a result of having started a new business, the company files Form SS-4 so that it may begin distributing payroll checks as of March 16, 2018. The firm is located at 1250 Parker Street, Moseley, VA 23238 (it is in Chesterfield county, and this is the only address associated with the business), and its telephone and fax numbers are both 804-555-1693. The company uses the calendar year as its fiscal year and expects to employ six individuals (earning an average of $50,000/year) throughout the first 12 months of operations. Payroll is to be paid biweekly on Fridays, with the first pay date scheduled for Friday, March 16, 2018. Form SS-4 is completed on the date of formation of the company. The company does not assign a third-party designee.
Notes:
- The type of business should be entered as "Financial Services" and the principal line of products produced should be entered as "Financial Services for Individuals and Businesses".
- Complete Form SS-4 for a newly formed company.
Legal Environment of Business A Managerial Approach Theory to Practice
ISBN: 978-1259686207
3rd edition
Authors: Sean Melvin, Enrique Guerra Pujol