- 4 - Darle anticipated it needed to complete the job and arranged for them to be delivered to the job site. Petitioner maintained a small inventory of drywall, studs, and mud at its warehouse. C. Competition in the Drywall Business The drywall construction business is a competitive industry because jobs are generally awarded to the lowest bidder, and because a minimal capital investment allows a competitor to enter the drywall construction industry. A drywall construction business is established with a capital investment of about $300, which is used to purchase a tool belt, a screw gun and cord, and a T-square. There are no proficiency exam requirements, but petitioner is required to have a contractor’s license to place its bids with general contractors. D. Petitioner’s Shareholder-Employees 1. Darle Miller Darle was the chief executive officer (CEO) and president of petitioner. He performed many duties as CEO, including preparing and submitting job bids, scheduling projects and jobs, hiring and coordinating employees, coordinating activities between petitioner and the general contractors, ordering supplies, dealing with payroll issues, and confronting any problems that arose. Darle usually arrived at the office by 7 a.m., opened it for business, checked messages, and returned phone calls. It was common for Darle to deliver supplies and equipment to thePage: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
Last modified: May 25, 2011