Business Law 5th Edition by David Twomey ,Marianne Jennings ,Stephanie Greene

Exercise 9

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 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.