(Answered) : Setting New Aircraft Repair Station Business Organized Corporation Provide Avionics System Q34191792

You are setting up a new aircraft repair station. •The business,which is organized as a corporation, will provide avionics systems,parts, components, and modification, along with avionics inspectionand maintenance services. •The business has leased a hangar fromthe airport authority where the work will be performed. The hangarincludes areas for office space, parts and tool storage, aircraftand avionics maintenance, and a customer lounge. •In addition toyourself as general manager, the company’s initial employees willinclude a secretary/receptionist, a bookkeeper, a stocks and storesclerk, and 5 A&P mechanics (one of whom holds FAA inspectionauthorization as well as a pilot license and will performmaintenance flight