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Our Wacky Clients in BLAW 3180 “What’s Up Doc?” After a long day on the drawing board, Daffy Duck and Bugs Bunny go out for a few drinks at a local bar. Daffy says to Bugs, “Hey, Bugs, we’ve been bustin’ each others chops for decades…I’m tired of chasing you around.” Bugs responds, “What are you getting at Daffy?” Daffy replies, “Why don’t we break away from Warner Brothers and do something more exciting and challenging like running our own company?” Bugs exclaims, “You’re looney, Daffy! We don’t know the first thing about owning a company.” Daffy goes into a long discourse during which he reveals that he has been running an internet advertising company, called “Wacky Advertising, Inc.” (a S-Corp.) for the past three years. He explains that after two years of losses, Wacky Advertising reached profitability in 1998, with net income of $1.5 million on $18 million in revenues. Daffy is looking to improve Wacky Advertising’s market share and wants the company to be able to compete with the industry’s leader, Do
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