An anomaly described in a recent IRS ruling says there is a big, but subtle, difference. Robert Willens, CFO.com | US. February 20, 2008. A fine line exists between definitions of a corporate liquidation and dissolution. But for tax purposes, the defining line can make a big difference. Witness the situation described in recent letter from the Internal Revenue Service (LTR 200806006, November 7, 2007), which addresses a seeming anomaly related to the tax code. The anomaly is corporate dissolution without liquidation.
a person with the ability or power to use, control, or dispose of something: a master of six languages; to be master of one's fate. 2. an owner of a slave, animal, etc. 3. an employer of workers or servants. 4. the male head of a household.
Being Master/Captain is an exercise in true leadership--which is why you have good Captains and bad ones. Leadership, like intuitive seamanship and ship handling cannot be taught. The basics can be studied and of course some things can be memorized, but when the unusual, abnormal, or frightening is thrown at you that's when innate leadership, or seamanship, is called for.