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