Kirk Is Establishing a Business in 2012 Which Could Have

question 44

Essay

Kirk is establishing a business in 2012 which could have potential environmental liability problems.Therefore,he is trying to decide between the C corporation form and the S corporation form.He projects that the business will generate losses of approximately $100,000 each year for the first 3 years and then will generate profits of at least $200,000 each year thereafter.All profits will be reinvested in the growth of the business.Kirk projects he will be in the 35% bracket in 2012 and thereafter.Advise Kirk on which tax form he should select.

Appreciate the complex relationship between mental health issues and suicide.

Understand the societal response and legal aspects related to suicide and assisted suicide.

Analyze the influence of media and celebrity suicides on public suicide rates.

Recognize the impact of social and economic conditions on suicide rates.

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Definitions:

Alternative Solutions

Different options or approaches to solving a problem or addressing a situation.

Entrepreneurial Activities

Actions or tasks that are undertaken by entrepreneurs in pursuit of establishing, managing, and growing their ventures.

Profit Orientation

A business approach focused on maximizing financial gains.

Social Enterprising

Business activities that are primarily focused on meeting social objectives, where profits are often reinvested into social causes.