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expenses (such as utilities and telephone); and (3) rental payments
for the S. Santa Fe Avenue building.
Cola, Inc. issued invoices to its clients (vendors and
suppliers) with the imprint Cola, Inc. at the top of the invoices.
Moreover, Cola, Inc.'s vendors and suppliers issued invoices to
Cola, Inc. for goods and services the business purchased.
Cola, Inc. maintained a company credit card, which was used to
purchase goods and services for the business during 1992. Cola,
Inc. also maintained a general ledger, cash receipts journals, and
sales journals.
Employer Identification Number
On February 6, 1991, Richard applied for an employer
identification number as an individual using the business trade
name "Cola Performance Products". The Internal Revenue Service
assigned an identification number to him. This number was used by
the business in filing returns and reports with State and Federal
tax authorities.
Lawsuits Filed Against Cola, Inc.
In August 1993, Beta Maskin AB (Beta Maskin), a Swedish
corporation, filed a civil action in the U.S. District Court for
the Central District of California against Cola, Inc., as well as
Richard and Raul individually, for failure to pay the contract
price of crankshafts Beta Maskin sold to Cola, Inc. In the answer
to this action, the defendants stated:
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