Question 1:- Structure chosen – A Limited Company, Reason:- As a limited company has Equal

liabilities of all of Three and It will have own legal entity.

Structure not chosen - A limited partnership, Reason as it has Limited partnership of Charlotte,
which means limited liability towards partnership for one partner.

Question 2:- Income from Business - $30000.00

Deductible expenses form Business -$120000.00
Hence net loss will be ($120000-$30000)= $90000.00 means $30000.00 for each
partner.
Yes, Loss can claim against the Investment income from Properties.

Question 3:- Net assets at the time of sale - $48000.00

Sells share to William for $40000.00
Share of Net assets for Ensley will be($48000/3) = $16000.00
Profit will be treated in IR3 of Ensley will be ($40000.00-$16000.00) = $24000.00
As Above calculations shown the Taxable profit for Ensley of $24000.00.

Question 4 – Calculations of Rental property income are as follows.

Rental income for Dior will be – ($90*52) = $4680.00

Renal income for her son will be ($250-90)*52 = $8320.00