Comment by retired
16 hours ago
Would a simple audit not completely destroy this case?
"How did you acquire these sets?"
"Uhm... don't know they just appeared out of nowhere"
Straight to jail.
16 hours ago
Would a simple audit not completely destroy this case?
"How did you acquire these sets?"
"Uhm... don't know they just appeared out of nowhere"
Straight to jail.
It goes more like:
"How did you acquire these sets?"
"We acquired them from the previous franchisee when we purchased the store. Here's the contract we signed to acquire the store and contents, here's the payment we made"
"Okay thanks that checks out"
There wasn't a signed contract with the previous franchisee from what I can see.
And even then, the trail audit goes further as the previous franchisee didn't have a proof of purchase of $200k of inventory.