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3. Rachel worked in one of her family's two furniture stores. When her grandfather decided to expand the business and build three more stores, Rachel
3. Rachel worked in one of her family's two furniture stores. When her grandfather decided to expand the business and build three more stores, Rachel realized that he would need a lot of capital to get the construction started. She suggested that her grandfather raise the money by selling shares of stock in the company to just a few people, not to the general public. Her grandfather filed Articles of Incorporation with the govemment. He sold 1,000 shares of stock to 100 people and kept 1,500 shares
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