3.Charlie Murphy and Dave Chappelle want to open a comedy club in Keebler Heights that would last for until either of them gets a movie contract.They would like to operate their business as a general partnership and since they have known each other for years, they would figure the less the amount of paperwork the better for beginning their enterprise.Both men are very funny and talented but Dave is much more of a people person.Charlie on the other hand can be rather abrasive and hard to work with.They have secured a loan for the purchase of some property and are now in the process of securing the necessary food and beverage licenses to go forward with their enterprise.They have stopped in to ask your opinion on the matter.What would you suggest knowing the above?(5 points).

4.Caplan Conner (CC) is the owner of 400 shares of Declan Howard Engineering Inc.(DHE).DHE has 4000 outstanding shares of stock.This means that CC controls about 10% of the shares of the company.DHE's board of directors would like to issue another 1000 shares into general circulation.As CC has persistently been a problem for the decision making of the corporation, they would like to quietly release these new 1000 shares for sale in a private sale to Beto Bravo (BB) who owns 350 shares.DHE's board feels that BB's view of the company is more in line with the direction that they would like to take for the future.What problems do you see?(5 points).