EGR 403 Asset Allocation in Technical Decision Making Project #2 Team 8 Team MemberRole(s)Responsibilities Matt EastonSpeaker/Summerizer Spokesman & Conclusion.

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Presentation transcript:

EGR 403 Asset Allocation in Technical Decision Making Project #2 Team 8 Team MemberRole(s)Responsibilities Matt EastonSpeaker/Summerizer Spokesman & Conclusion (Written & Spoken) Syna MohkamiOrganizer Overlooks all aspects of project, reports to Leader Vereker TamResearcher/Techie Lead researcher, oversees all technical details Sergio ZaragozaLeader Manages overall project, fills in wherever needed

Business Ventures Selecting the right type of incorporation Comparison of two types of business entities: – Corporation Type C Taxed on the corporate income directly Unlimited Number of stockholders – Limited Liability Company Hybrid business entity having characteristics of both a corporation and sole proprietorship

The Case Study Four engineers want to incorporate their company that designs and manufactures solar panels for residents in the Los Angeles area. They’ve been in business for the past 10 years The company currently has: – gross income of $800, / year – has 80 employees – $200, in assets (machines, property, tools, etc.) Want to choose the right type of corporation that can help maximize profit. There are two options : 1) Corporation Type-C 2) Limited Liability Company Choice will be based on maximum profit after taxes

Resources o Research the differences between business types o Research the cost benefit’s between them with respect to the tax codes of California