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This Tutorial contains 2 Papers

Read the following scenario.

A family-owned business can have special complications. The line separating family relationships and legal responsibilities can be unclear. It is important for directors, officers, and owners of a family-owned business to be aware of the issues to avoid misunderstandings and unintended liability and to preserve familial relationships.

You are a consultant advising a "mom and pop" grocery store owned by Jeff and Joan, a married couple, and their two adult children, Martha and Henry. The grocery store operates under a subchapter S corporation. Jeff and Joan as a couple own 70% of the corporation's shares, and Martha and Henry each own 15% of the shares. Jeff, Joan, and Martha are directors of the corporation, and Henry is the corporation's chief executive officer (CEO).

Create a minimum 700-word client memorandum (memo) addressing the following: • Explain the legal duties that Jeff and Joan, as majority shareholders, have to Henry and Martha as minority shareholders. What are their duties to Henry (an owner) as directors of the corporation?

ETH 321 Education on your terms/tutorialrank.com  

examine unethical business behavior, and to develop risk management procedures to avoid or reduce claims and litigation.

ETH 321 Education on your terms/tutorialrank.com  

examine unethical business behavior, and to develop risk management procedures to avoid or reduce claims and litigation.

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