Question
I cannot find a template on where I can finish this assignment. My professors are not answering any of my emails. Wasnt sure who else
I cannot find a template on where I can finish this assignment. My professors are not answering any of my emails. Wasnt sure who else to ask. If anyone could help.
Andy, Opie and Bee reside in the hypothetical state of LaLaLand. They come to your office and state that they would like to form a corporation to organize their business selling souvenirs in the city of Mayberry. They want the corporation to be called AOB Trinkets, Inc.
Andy is planning to invest $50,000 into the business and Opie and Bee $25,000 each. Their ownership of the corporation should be proportional to their initial investments. The three all live at 123 Main Street in Mayberry.
The three investors tell you that they also want to form a board of directors that will include each of themselves plus Barney Fife and Gomer Pyle, two friends of theirs from the neighborhood. They tell you that Barney and Gomer can receive salaries for their work but that the three initial investors should not receive salaries (it is assumed that they will all give their time to running the business).
The three investors would like you to draft Articles of Incorporation and the initial corporate bylaws. They tell you that any provision that you feel is reasonable and proper can be included. They do, however, make you aware of the following factors to keep in mind:
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