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[R&R Landscaping, LLC] R&R Landscaping, LLC, is registered as a limited liability company in Illinois. R&R provides corporate landscape design and maintenance. During a large corporate project near Chicago, the driver of R&R’s bulldozer lost control, went into oncoming traffic, and caused injuries to Viktor. Viktor wants to file a lawsuit and, after research, learns that R&R is owned by Rohan, an Illinois resident, and Roland, an Indiana resident, and that R&R filed articles of organization in Illinois and a certificate of authority in Indiana. Would Rohan and Roland likely be held liable for Viktor’s injuries?

[Skateboard Growth] Both Tyler and Byron were presidents of small corporations involved with manufacturing and selling skateboards. Tyler’s store was called “Thrasher Skateboard” and Byron’s business was called “Skateboard for Health.” Because a large sports store was coming into town, they, along with the boards of directors of the two companies and all shareholders, decided that it would be a good idea to combine the businesses. They decided to retain the name “Skateboard for Health.” However, Tyler was concerned with the change because, on behalf of his company, he was contemplating filing a lawsuit against Sean who had purchased 10 custom skateboards and had not paid for them. He was excited, however, about the prospect of not being liable for a lawsuit he expects to be filed by Alec who fell and sustained a serious ankle sprain and medical bills when a wheel came off of a skateboard sold by Tyler’s corporation. After investigation, Tyler is aware that the wheel was negligently attached to the skateboard. Tyler told Byron that one reason he wanted to retain Byron’s name was to prevent Alec from being able to recover against him. Which of the following is the appropriate term for the action contemplated by Tyler and Byron to combine the businesses under the name “Skateboard for Health”?

[Tutoring Concerns] André and Sasha want to go into business together and plan on offering a tutoring service to high school and college students. André proposes that they share control of the business and split profits equally and not bother with a written agreement. Sasha, however, is concerned about being able to pay their debts, since they will have to rent tutoring space, and purchase computers and supplies. She is also concerned about parents and students who may sue if their test scores do not improve. She tells André that she just bought a new boat and car, and that she does not want her assets to be in jeopardy. She tells André that they should form a corporation to shield their personal assets. André, however, tells Sasha that their personal assets are not in danger with his proposal because they are a business and that, furthermore, forming a corporation would result in a tax being imposed twice. Is André correct in his assertion that by sharing control of the business and splitting profits equally there could be no personal liability for debts?

The tax planning strategy of putting off paying the tax for 10 years so that you may earn enough interest on the unpaid tax to pay the tax bill is an example of which of the following tax planning strategies:

Groups of cells that are similar in structure and function are called:

The tax planning strategy of putting off paying the tax for 10 years so that you may earn enough interest on the unpaid tax to pay the tax bill is an example of which of the following tax planning strategies:

All chemical reactions that occur within body cells is referred to as _____________.

The cell type found in nervous tissue is the _________.

“Head of household” status is available to a taxpayer:

The cell type found in nervous tissue is the _________.