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To facilitate disposition of these issues, we shall first
make general findings of fact and then combine our findings and
opinion with respect to each issue.
General Findings of Fact
Some of the facts and certain documents have been stipulated
pursuant to Rule 91. The parties’ stipulations are incorporated
herein by reference and are found accordingly.
At the time of the filing of the petitions herein, Michael
and Michelle Friscia resided in Lockport, Illinois, and the
principal place of business of Friscia Construction was also
Lockport, Illinois.
During 1994 and 1995, Michael Friscia was an officer and
employee of Friscia Construction, a company founded by his
father. Michael Friscia began working full time for Friscia
Construction after graduating from high school in 1979. Michael
Friscia and his brother became the officers of Friscia
Construction upon their father's death in 1992.
Friscia Construction is in the business of commercial
construction and home remodeling. Michael Friscia worked for the
company as a carpenter and handled all of the company’s banking,
bill paying, and paperwork, including preparation of estimates
and proposals and filing tax returns. In addition, Michael
Friscia performed construction services for his own clients
through his S corporation, Mik Mic, Inc. (Mik Mic).
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Last modified: May 25, 2011