Q A, B, and C each own one-third of ABC Company. A would like to sell his share of the business to D. 1) If this was a partnership what would A need to do (if anything) before she can sell her interest to D? 2) If this was a corporation would your answer to (1) change? Which of the above alternatives is preferable? Is there anyway to make the ability to sell A's interest to D substantially similar under the 2 alternatives? X forms Y Inc. in compliance with all the technical requirements outlined in pp 748-751. However, X pays all of the corporation's bills out of his personal checking account, never holds a corporate meeting, and never bothers to tell any of Y Inc.'s suppliers/customers that Y Inc ever exists! What risk is X incurring in running the affairs of Y inc's business that way?
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