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Alma has just started her own tax preparation firm. She has leased office space in a building, and she is incorporating her business as a

Alma has just started her own tax preparation firm. She has leased office space in a building, and she is incorporating her business as a Subchapter S corporation under the Internal Revenue Code. She has purchased desks, chairs, computers, and copiers from Big buy through a line of credit they have established for her. Alma is a CPA in the state of Arizona and her license fees and continuing education hours are due within 90 days. Alma will begin with only a clerical person as an employee to serve as a receptionist and bookkeeper. List all of the areas of law that affect Alma in her new business. Provide a rationale or explain how these laws apply to this scenario

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