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an FYE June 30, was in the business of producing, distributing,
and selling skin care products, tanning lotions, diet aids,
sports performance products, nutritional supplements, health food
products, and apparel at both the retail and wholesale levels.
Petitioner also provided indoor tanning salon services and its
own printing, advertising, and marketing services. Petitioner
used the business names of Vitamin Village for the production and
sales of nutritional supplements, health food, skin care
products, and tanning lotions; Club Tan for its tanning salon
services; and Universal Graphics for its advertising, marketing,
and printing activities.
Mr. Reeves was petitioner’s president from 1979 and its
secretary, treasurer, and sole shareholder from 1986 through the
fiscal years at issue, and he controlled all aspects of
petitioner’s corporate operations. From 1979 through the fiscal
years at issue, Mr. Reeves also performed all of petitioner’s
managerial duties. He worked more than 80 hours per week
managing petitioner’s research, development, production, sales,
marketing, and advertising and supervised petitioner’s employees,
including making all hiring and firing decisions.
3(...continued)
individuals, Jeff O’Brien and R. Gail Reeves. Mr. O’Brien left
petitioner shortly after its incorporation. R. Gail Reeves
terminated her positions as petitioner’s secretary and treasurer,
and all stock she owned in petitioner was redeemed in FYE June
30, 1986.
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