- 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