Need an argumentative essay on Bus Low. Needs to be 3 pages. Please no plagiarism.

Although this law, unique to the State of East Columbia, took effect eight months ago, Better was unaware of it.&nbsp.Homeowner, in mowing his lawn, stopped the mower and then reached under the housing to clear a grass clump. His hand was severely injured by the spinning mower blade.&nbsp.

This case falls within the ambit of the Uniform Commercial Code, in particular, under article 2 thereof on sales of goods. Homeowner can validly sue both Better and Retailer for the injuries he has suffered. The Supercutter which was manufactured by Better Manufacturing Company (Better) and sold by Retailer, Inc. did not conform to the safety rules and regulation imposed within the state of East Columbia.

Better is liable for failure to comply with the safety laws that are enforced within the state where it is being sold. Ignorance of the law excuses no one. Better cannot set up the defense that they were unaware about the law which requires that all power mowers manufactured for use, or sale, or actually sold, in East Columbia be equipped with an automatic brake to stop the blade when the mower is stopped. The said law has already been in force and effect for eight months already and Better is duty bound to know and comply with all the laws that apply to them, to their business and to their products. In the case at bar, Better is liable for damages for its negligence which resulted in damage and injury to Homeowner.

Besides, Better has an authorized agent for sales within the state of East Columbia. If the compliance department of Better had failed to update themselves on the laws of East Columbia, Retailer should have informed Better about these laws. Moreover, Retailer made an express warranty to Homeowner that the Supercutter was state of the art and complied with all safety laws when in truth and in fact it does not. If not for the warranty made by retailer, Homeowner may not have bought the

Due to our business being a moderate restaurant group with about 60 shareholders, we have elected to pursue an S type corporation as our ownership model. “S corporations are corporations that elect to pass corporate income, losses, deductions, and credits through to their shareholders for federal tax purposes. Shareholders of S corporations report the flow-through of income and losses on their personal tax returns and are assessed tax at their individual income tax rates.” (IRS, 2018) This allows S corporations to avoid double taxation on the corporate income. S corporations are responsible for tax on certain built-in gains and passive income at the entity level.

While using the corporate structure is more complex and expensive than most other business structures we feel as though the benefits outweigh the disadvantages. While a LLC is also an appealing choice, the election of an S corporation allows shareholders to avoid double taxation. By claiming “reasonable” earnings through a salary, shareholders avoid double taxation. “For most businesses, it only makes sense to register for S-corp status if you will save on taxes. To figure that out, first, identify a reasonable salary for someone with your job description. If any profit remains after paying yourself, then it is probably worth looking into S-corp designation.” Also all income and losses are passed onto the shareholders. The corporation must withhold and pay social security and Medicare taxes on its employees for tax purposes, however, distributions to shareholders are not subject to those taxes. (Ramsay, 2019) Thus, the more revenue received by an employee/shareholder in her capacity as a shareholder, the less Medicare and social security taxes. (Ninan, 2018) However, there is room for risk; if a corporation does not follow their articles of incorporation and all legal parameters, a court can pierce the corporate veil and hold you and the other owners personally liable for the business’s debts.

References

IRS. (2018). S Corporations. Retrieved May 28, 2020, from https:// G. (2018, May 29). Council Post: Should You Form An LLC Or An S-Corp, And What’s The Difference? Retrieved May 28, 2020, from https:// J. (2019, March 19). Choose Your Business Structure. Retrieved May 28, 2020, from https://