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Richard and Juan contributed assets for stock in Essential Assets Corporation. Richard owns all 90 shares of Class A voting common stock and all 90
Richard and Juan contributed assets for stock in Essential Assets Corporation. Richard owns all 90 shares of Class A voting common stock and all 90 shares of Class C nonvoting common stock of Essential Assets. Juan owns all 10 shares of Class B voting common stock and all 10 shares of Class D nonvoting common stock of Essential Assets. There are other classes of stock but we are only concerned with Richard and Juan.
a. Does either Richard or Juan or both have control of Essential Assets Corporation? Explain why or why not for each shareholder.
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