Examlex
Taylor performs services for Jonathan on a regular basis. There exists considerable doubt as to whether Taylor is an employee or an independent contractor.
a. What can Jonathan do to clarify the matter?
b. Suppose Jonathan treats Taylor as an independent contractor but Taylor thinks she is an employee. What is Taylor's recourse, if any?
Fair Market Value
The price a willing buyer would pay a willing seller in a transaction where both parties have reasonable knowledge of the relevant facts and neither is under compulsion to act.
No-Par Stock
Shares issued without a nominal or face value, where the value is determined by the price investors are willing to pay.
Less-Value Stock
Stock that is currently trading for less than the perceived value of the company, potentially indicating an undervalued investment opportunity.
Profit Allocation
The process of distributing a company's earnings among its shareholders, partners, or other stakeholders according to agreed-upon terms.
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