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ETH 321 Week 2 Practice The Family Owned Business Its Complicated//tutorfortune.com<br><br>Click on below link to buy<br>https://tutorfortune.com/products/eth-321-week-2-practice-the-family-owned-business-its-complicated<br><br>ETH 321 Week 2 Practice: The Family-Owned Business-Itu2019s Complicated<br> <br><br>Read the following scenario.<br><br>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.<br><br>You are a consultant advising a u201cmom and popu201d 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 corporationu2019s shares, and Martha and Henry each own 15% of the shares. Jeff, Joan, and Martha are directors of the corporation, and Henry is the corporationu2019s chief executive officer (CEO).<br><br>Create a client memorandum (memo) addressing the following:<br><br>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?<br> <br>Define the types of ethical duties Jeff, Joan, Martha, and Henry have to each other as owners of the company. What about as family members?<br> <br><br>Provide suggested steps the family can take to abide by their legal duties as directors and officers, yet still preserve relationships between family members.<br> <br>Click on Office Templates and use the following search parameter: memorandum.<br><br>Submit your memo in a discussion thread in the classroom. Respond to other studentsu2019 posts.<br><br>Used with permission from Microsoftu00ae.<br>ETH 321 Week 2 Practice: The Family-Owned Business-Itu2019s Complicated<br><br>Click on below link to buy<br>https://tutorfortune.com/products/eth-321-week-2-practice-the-family-owned-business-its-complicated<br>
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ETH 321 Week 2 Practice The Family Owned Business Its Complicated//tutorfortune.com Click on below link to buy https://tutorfortune.com/products/eth-321-week-2-practice-the-family-owned-business-its- complicated E T H 3 2 1 We e k 2 P r a c t i c e : T h e F a mi l y - O w n e d B u s i n e s s - I t ’ s C o mp l i c a t e d R e a d t h e f o l l o w i n g s c e n a r i o . A f a mi l y - o w n e d b u s i n e s s c a n h a v e s p e c i a l c o mp l i c a t i o n s . T h e l i n e s e p a r a t i n g f a mi l y r e l a t i o n s h i p s a n d l e g a l r e s p o n s i b i l i t i e s c a n b e u n c l e a r . I t i s i mp o r t a n t f o r d i r e c t o r s , o ffi c e r s , a n d o w n e r s o f a f a mi l y - o w n e d b u s i n e s s t o b e a w a r e o f t h e i s s u e s t o a v o i d mi s u n d e r s t a n d i n g s a n d u n i n t e n d e d l i a b i l i t y a n d t o p r e s e r v e f a mi l i a l r e l a t i o n s h i p s . Y o u a r e a c o n s u l t a n t a d v i s i n g a “ mo m a n d p o p ” g r o c e r y s t o r e o w n e d b y J e ff a n d J o a n , a ma r r i e d c o u p l e , a n d t h e i r t w o a d u l t c h i l d r e n , Ma r t h a a n d H e n r y . T h e g r o c e r y s t o r e o p e r a t e s u n d e r a s u b c h a p t e r S c o r p o r a t i o n . J e ff a n d J o a n a s a c o u p l e o w n 7 0 % o f t h e c o r p o r a t i o n ’ s s h a r e s , a n d Ma r t h a a n d H e n r y e a c h o w n 1 5 % o f t h e s h a r e s . J e ff , J o a n , a n d Ma r t h a a r e d i r e c t o r s o f t h e c o r p o r a t i o n , a n d H e n r y i s t h e c o r p o r a t i o n ’ s c h i e f e x e c u t i v e o ffi c e r ( C E O ) . C r e a t e a c l i e n t me mo r a n d u m ( me mo ) a d d r e s s i n g t h e f o l l o w i n g : E x p l a i n t h e l e g a l d u t i e s t h a t J e ff a n d J o a n , a s ma j o r i t y s h a r e h o l d e r s , h a v e t o H e n r y a n d Ma r t h a a s mi n o r i t y s h a r e h o l d e r s . Wh a t a r e t h e i r d u t i e s t o H e n r y ( a n o w n e r ) a s d i r e c t o r s o f t h e c o r p o r a t i o n ? D e fi n e t h e t y p e s o f e t h i c a l d u t i e s J e ff , J o a n , Ma r t h a , a n d H e n r y h a v e t o e a c h o t h e r a s o w n e r s o f t h e c o mp a n y . Wh a t a b o u t a s f a mi l y me mb e r s ? P r o v i d e s u g g e s t e d s t e p s t h e f a mi l y c a n t a k e t o a b i d e b y t h e i r l e g a l d u t i e s a s d i r e c t o r s a n d o ffi c e r s , y e t s t i l l p r e s e r v e r e l a t i o n s h i p s b e t w e e n f a mi l y me mb e r s . C l i c k o n O ffi c e T e mp l a t e s a n d u s e t h e f o l l o w i n g s e a r c h p a r a me t e r : me mo r a n d u m.
S u b mi t y o u r me mo i n a d i s c u s s i o n t h r e a d i n t h e c l a s s r o o m. R e s p o n d t o o t h e r s t u d e n t s ’ p o s t s . U s e d w i t h p e r mi s s i o n f r o m Mi c r o s o f t ® . E T H 3 2 1 We e k 2 P r a c t i c e : T h e F a mi l y - O w n e d B u s i n e s s - I t ’ s C o mp l i c a t e d Click on below link to buy https://tutorfortune.com/products/eth-321-week-2-practice-the-family-owned-business-its- complicated
