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ETH 321 Week 2 PRACTICE The Family Owned Business//tutorfortune.com

ETH 321 Week 2 PRACTICE The Family Owned Business//tutorfortune.com<br><br>Click on below link to buy<br>https://tutorfortune.com/products/eth-321-week-2-practice-the-family-owned-business<br><br>ETH 321 Week 2 PRACTICE The Family Owned Business<br>Instructions: Read the following scenario.<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. 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 client memorandum (memo) addressing the following:<br>u2022 Explain the legal duties that Jeff and Joan, as majority shareholders, have to Henry and<br> Martha as minorityshareholders. What are their duties to Henry (an owner) as directors<br> of the corporation?<br>u2022 Define the types of ethical duties Jeff, Joan, Martha, and Henry have to each other as<br> owners of the company.What about as family members?<br>u2022 Provide suggested steps the family can take to abide by their legal duties as directors<br> and officers, yet still preserverelationships between family members.<br>Click on Office Templates and use the following search parameter: memorandum. Submit your memo to the assignments tab.<br>ETH 321 Week 2 PRACTICE The Family Owned Business<br>Click on below link to buy<br>https://tutorfortune.com/products/eth-321-week-2-practice-the-family-owned-business<br><br>

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ETH 321 Week 2 PRACTICE The Family Owned Business//tutorfortune.com

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  1. ETH 321 Week 2 PRACTICE The Family Owned Business//tutorfortune.com Click on below link to buy https://tutorfortune.com/products/eth-321-week-2-practice-the-family-owned-business 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 n s t r u c t i o n s : 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 t o t h e a s s i g n me n t s t a b . 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 Click on below link to buy https://tutorfortune.com/products/eth-321-week-2-practice-the-family-owned-business

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