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Claire purchased 200 common shares of Clairco Ltd. in 2015 for $100. It is now 2017 and Claire would like to step down from
Claire purchased 200 common shares of Clairco Ltd. in 2015 for $100. It is now 2017 and Claire would like to step down from running the company full time and let her child, Junior, take over. Junior's conditions are that they want to own a share of the company if they're going to be running it, though Claire doesn't think they're up to making all the decisions just yet. Claire believes the company is probably worth $2,000,000. She plans to use Section 86 for the restructuring. She'd like $50,000 in income each year in her retirement. List the characteristics Claire's shares after the restructuring should have. Please list at least 3 characteristics, and at least 2 should be unique to her.
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After the restructuring under Section 86 Claires shares should have the following characte...Get Instant Access to Expert-Tailored Solutions
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