You are a new associate at a CPA firm. Your boss has explained that a new client
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Your boss has asked you to prepare a memorandum that you will present to your boss and the client that addresses the following:
• Recommend a new business entity to form the business and explains the advantages of the new entity;
• Outline the client on his or her new duties and liabilities as an owner/officer/ member of the new entity in regards with the newly selected entity;
• Discuss contract issues: Performance and breach of contract, remedies, risk of loss, and non-conforming goods in regards to your client's relationship with their distributor;
• Analyze the potential liability to consumers, under relevant laws and case law in regards to the production and distribution of the granite cleaner in a spray bottle.
Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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