(a)If Company A is an S-corp, can B, LLC be a shareholder? If not, how would you advise the owners of B to hold their shares?

(b)If A had been a partnership, what issues might arise if B purchases Wife's interest?

(c)If A is a corporation, what would you advise about the make-up of the Board of Directors?

(d)How can Wife know how much her part of the company is worth? What would you advise as far as how she structure the deal to protect herself and make sure she gets paid?What else would you advise Wife?

Question 2

Husband has come to you because of your knowledge of the Uniform Commercial Code (UCC) to ask what causes of action he may have against Y, and what defenses he may have if Y files a lawsuit against him.

Question 3

What do you advise?Which parties will bring what kind of lawsuits?Will they be able to sue the parties in the jurisdictions mentioned? What defenses do the defendants have?How successful do you think any of the suits will be?