Janice Dempsey has just started her own tax preparation firm She has leased office space in a building, and she is incorporating her business as a Subchapter S corporation under the Internal Revenue Code She has purchased desks, chairs, computers, and copiers from Staples through a line of credit t...

The areas of law are private law for her lease state law for her CP ...

Janice Dempsey has just started her own tax preparation firm. She has leased office space in a

Question:

Janice Dempsey has just started her own tax preparation firm. She has leased office space in a building, and she is incorporating her business as a Subchapter S under the Internal Revenue Code. She has purchased desks, chairs, computers, and copiers from Staples through a they have established for her. Janice is a CPA in the state of Arizona and her license fees and continuing education hours are due within 90 days. Janice will begin with only a clerical person as an employee to serve as receptionist and bookkeeper. List all of the areas of the law that affect Janice in her new business.
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may... Line of Credit
A line of credit (LOC) is a preset borrowing limit that can be used at any time. The borrower can take money out as needed until the limit is reached, and as money is repaid, it can be borrowed again in the case of an open line of credit. A LOC is...