In The Current Year David Incorporates His Carpet Cleaning Business Which Has Been Run As A Single Proprietors

In the current year David incorporates his carpet cleaning business which has been run as a single proprietorship for 5 years. He transfers the following asset to the business:
How much taxable gain will David recognize from the transfer of the assets to the corporation?
What is the corporation’s basis in this asset?
If David sells his stock in the new corporation to Bob for $71,000, what is the amount of his gain?

Is It The Slow Time Of The Year For A Carpet Cleaning Business?

We own a small carpet & upholstery cleaning business, and it seems like its slowed down for the past 3 weeks since New Years. Is this a sign that we are not doing something right or is there a down turn at the begining of the year?
Thank you so much.

What’s The Best Time Of Year To Redo Your Flooring?

I’m seriously contemplating replacing my cheapo builder-installed carpet with hardwoods. I’d like to know what time of year the prices for the materials and installation tend to be best – as with all things, I assume there’s a peak season when they charge a premium, and an “off” season when they have big sales. Anybody know?

make your own website

Bathstore – Are Their Sales Genuine, Are They Almost All Year Round Like Dfs And Allied Carpets?

well isnt allied carpets ssupposed to be shutting down you know cos of the credit crunch! So you might be able to catch a bargain
DONT TAKE MY WORD FOR IT THOUGH!