Dependency Tests

Ed provides financial assistance to several individuals. Determine whether the individuals listed qualify as dependency exemptions for Ed. Note that any dependency tests not mentioned have been met. 1.Ed’s daughter Emily, age 21, is a part time student living in the college dorms. She also works part time and earned $4,200. Ed provides over half …

Description of Geographical Indications and its Impact in India

The definition of Geographical Indications, its significance and relevance in developing countries like India, the impact of the GI Act in India, the benefits and challenges of the Act with specific product cases in India. Please find the solution attached Geographical Indications It was in Europe that the concept of Geographical Indications originated. It originated …

cease and desist letter is received for cleaning service

Dear Professor, Scenario: Grade “A” Cleaning Services, LLC. (residential only). You have been in businessand profiting while making a well-established name for your business. Five years ago when you started your business, you created a special logo and unique name for your company. You also checked your name and registered with the USPTO. Recently, you …

Constructive Liquidation

Which of the following statements is false concerning the requirements of the atom bomb (Constructive liquidation) of Regulation Section 1.752-1? Limited partners, not general partners, are deemed to have their interests liquidated. Partners must restore negative capital accounts after the constructive liquidation. Partnership assetsare considered to be worthless and sold for their worthless value. Partnership …

Bankruptcy & Personal Property Exemptions – Ohio

What personal propertyis exempt from bankruptcyproceedings in the state of Ohio? I understand there are different laws for each state within the United States – however is there a standard for the United States compared to other countries? I was researching bankruptcy and I was unable to determine the property that was exempt without specifics …

Bankruptcy Law

The lawfirm is in the process ofpurchasing a number of new company desktop computers, printers, notebook computers and servers. Your firm is planning to borrow moneyfrom a bank to complete the transaction. The IT manager who is in charge of the transaction does not understand what type of contractthe company is entering into with the …

Bankruptcy Law

Required to prepare a report discussing the following options for a client who is in serious businesstrouble. Our firm’s client just recently revealed that his company was $2.9 million in debt and that his company is not incorporated. The client has reluctantly asked if our firm could advise him on the process of bankruptcy. 1-define …