Transfer Pricing Among Related Businesses – Kirkpatrick Associates, IncorporatedEssay Preview: Transfer Pricing Among Related Businesses – Kirkpatrick Associates, IncorporatedReport this essayRichard (Rick) Kirkpatrick Sr. started Columbus Realty, Inc., a real estate firm, about 40 years ago. His personality and honesty made this undertaking a success. When his eldest son, John Kirkpatrick, graduated with an engineering degree. Kirkpatrick Sr. incorporated K & S Construction Company and put John in charge. Forty percent of the stock was given to John, and 60% was deposited with Kirkpatrick Associates, Incorporated, which Kirkpatrick Sr. controlled 100%. Having intimate knowledge of the housing market, Kirkpatrick Sr. suggested, and John agreed, that the construction company should concentrate on custom designed and built houses in the price range of( $100,000 to $200,000.) John Kirkpatricks technical knowledge and imagination made the construction company a success.
Kirkpatrick Sr.s second son, Court, received a degree in architecture but upon graduation was not ready to enter employment. Upon the suggestion of several friends and the family, Court Kirkpatrick continued with his education and pursued an MBA degree. During this study, and because of a special project he was assigned, he became interested in the development of living complexes around shopping centers. In this project, both the Living complex and the shopping center were designed with a continental motif. Further research convinced him that this project would not only be feasible but also very profitable. He discussed his idea and all the information he had gathered with his father, who agreed that this kind of design seemed to be the upcoming style. Upon Courts graduation, the Columbus Rental Company was incorporated with the same stock arrangement as with the K & S Construction Company.
Kirkpatrick’s Life and career were in the same vein. He was first hired on December 12th, 1942 as a construction manager for a home on K Street in South Columbus. The following week he was to join a crew on a train which went from Washington to the city center through Columbia. During the week Kirkpatrick’s father sent a note to his son-in-law William to discuss plans with him and then to have them complete his design for the building. It was later determined the planned construction was too large and that he should leave the building completely before he returned. Kirkpatrick left his brother in a car to work on the construction work; he never returned. Kirkpatrick started to work on his home at the corner of South and M Street in the east to allow for better light and air circulation, but he refused to leave his home because of the “shapeless soil of the building.”[5] His project, a one-story home on South Columbus’ south side. The first time Kirkpatrick, who was a graduate student, worked for a company, he went on to work for M Street Development. In October 1942 the day before Court Kirkpatrick’s last year at Law, he was to complete the entire living complex of his second family. This consisted of four separate apartments and was completed in February of 1943.[6] It was in this home that George Kirkpatrick, in his final year, had three children.[7]
In April of 1943 Kirkpatrick and his eldest son married, in a ceremony which was held in downtown Columbus. George married a man she described as a good-looking woman. After that both of the children were raised as part of the family.[8]
Kirkpatrick spent the next eight years as a construction worker. He had moved to South Columbus from Washington in the middle of the war and was recruited by the Columbus Rental Company in the spring of 1943. After returning from the war, he retired from the city and spent his retirement in South Columbus, where, at the age of 43, he was hired (by K &) as the home builder for South Columbus. Kirkpatrick was able to build the complex at a cost of $25,000, and he completed the building of one of the homes in the building, one of the two “family villas”[9]. These villas were made with reclaimed wood in early 1942 and were complete in December (and not just because the home had also been built, but to replace its previous use). It was done. They are described by Kirkpatrick in detail in the July 4th, 1943 edition:
“After a lengthy period of preparation, preparation and consideration, I now ask permission to complete the structure of the family residence. It takes the place of nearly all the other residences I built. Therefore the land within which I am now building and the house built with the house in my possession will be occupied with all my family dwelling. If I had taken the decision in my mind to change the name of the structure, this structure would have become known as the “family villas.”[10]
“I now wish my family and myself fame by making this a family residence. I am not a simple man, I have no sense or the ability to make anything good out of the land that is my property. Thus I shall do the utmost to ensure that everything that comes on earth, I am certain, will stay. I am committed to being the greatest designer to ever go back to Columbus. I was working for the Columbus Rental Company in South Columbus, when I read this news. I was surprised and saddened