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Adam has been operating a successful furniture production business through a company since 1995.  There are two other shareholders, Bianca and Christina, however, they provided start-up capital only and Adam has always managed the day-to-day affairs of the company.  Each owns 1,000 shares in the company.

A young entrepreneur, Desmond, established a furniture distribution business several years ago, but has decided that production is more lucrative. To that end, Desmond approaches Adam, Bianca and Christina and indicates that he would like to take over the production business. Bianca and Christina indicate they are prepared to offer the business subject to Adam’s approval. Adam believes he ought to be compensated more than Bianca and Christina, since the value of the company can be directly related to his efforts.  Desmond negotiates a separate agreement with Adam, whereby he agrees to pay Andrew an additional $1,500,000 as an inducement to sell. Bianca and Christina think that this is fair.

Assuming that the sale goes ahead and Desmond purchases all 3,000 shares for cash, advise Adam, Bianca and Christina of the taxation consequences of the sale.  

Adam, Bianca and Christina also seek your advice as to how you might be able to restructure the agreement to minimise any taxation liability.  For the purposes of this issue, note that all the sellers are prepared to receive property other than cash for their shares.

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Tellus molestie nunc non blandit massa enim nec dui. Tellus molestie nunc non blandit massa enim nec dui. Ac tortor vitae purus faucibus ornare suspendisse sed nisi. Pharetra et ultrices neque ornare aenean euismod. Pretium viverra suspendisse potenti nullam ac tortor vitae. Morbi quis commodo odio aenean sed. At consectetur lorem donec massa sapien faucibus et. Nisi quis eleifend quam adipiscing vitae proin sagittis nisl rhoncus. Duis at tellus at urna condimentum mattis pellentesque. Vivamus at augue eget arcu dictum varius duis at. Justo donec enim diam vulputate ut. Blandit libero volutpat sed cras ornare arcu. Ac felis donec et odio pellentesque diam volutpat commodo. Convallis a cras semper auctor neque. Tempus iaculis urna id volutpat lacus. Tortor consequat id porta nibh.

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3421EDN Teaching Reading To Students With English

Task: Assignment 2 Title: Analytical report Type: Assignment – Written Assignment Due Date: 7 May 2021 Weight: 60% Marked out of: 60 Task Description: This analytical report positions students to be self-reflexive practitioners who can create, reflect on and refine learning experiences for ...

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ENGL140 Children Literature: Worlds of Fiction

Task Assessment Two: Research Task Submission: The final submission is through the Turnitin tool by 10 May. Worth: 40%. Purpose: This assignment is designed to encourage close reading of texts, and then, integrating the evidence gained, thereby to construct a coherent argument regarding a litera ...

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Literature Review

Topic 2: Frequent changes can result in change-fatigue in an organisation. At the same time, refusal to change with time can have a colossal impact on the organisation. In the light of this statement discuss an organisation that collapsed or failed because it did not go through any organisational ch ...

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IST 612 Business Analysis

Think about all the knowledge areas we have learned so far including the "Solution Evaluation" which we discussed in Week 10, and continuing with the last session in Week 11. Pick one knowledge area. Discuss why this knowledge area is important for a business analyst. You should answer the questions ...

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