Question
48.Refer back to the facts for the prior question. Suppose that when Janie orders the event decorations, she orders them from an S corporation that
48.Refer back to the facts for the prior question. Suppose that when Janie orders the event decorations, she orders them from an S corporation that you own and operate. When Janie picks up the decorations, she tells you about Poop-Gram. You think that sounds like a great business idea, only you want to use shrink-wrapped poop instead of freeze-dried poop. Which of the following is true?
A.You cannot change or add to what your business does without changing your articles of incorporation and bylaws.
B.You cannot go into a similar business to Poop-Gram because you heard about it from a customer, which makes it insider trading.
C.You cannot go into this business without closing the decoration business, because an S corporation may only pursue one revenue stream at a time.
D.You cannot go into this business if shipping shrink-wrapped poop is illegal.
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