- 2 -
FINDINGS OF FACT
Some of the facts have been stipulated and are so found.
At the time the petition was filed, petitioner resided in
Glendale, Arizona.
During 1995 petitioner was employed as a sales
representative for two companies that manufactured construction
materials. She was an independent contractor for one and an
employee of the other.
With the assistance of legal counsel, petitioner and Richard
Schuster, a long-time friend with metal fabrication experience,
incorporated Drywall Cornerbead, Inc. (Drywall). According to
Drywall's Articles of Incorporation, which were filed June 9,
1995, the corporation was organized "for the purpose of
transacting any and all lawful business for which corporations
may be incorporated under the laws of the State of Arizona." Its
initial purpose was "to conduct in the State of Arizona the
business of manufacturing and distributing drywall and plastering
products."
Petitioner opened a checking account for Drywall and
deposited $100 of her money into the corporation's account. An
Arizona sales tax exemption certificate was issued to Drywall, as
was a Federal employer identification number. Drywall secured
workers' compensation insurance, although the corporation had no
employees other than its officers.
Page: Previous 1 2 3 4 5 6 7 8 Next
Last modified: May 25, 2011