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Tim and Julia are the majority shareholders of Edventures, Incorporated (Edventures). Together they own eight hundred (800) of the company's shares. The remaining two hundred

Tim and Julia are the majority shareholders of Edventures, Incorporated (Edventures). Together they own eight hundred (800) of the company's shares. The remaining two hundred (200) shares are held by passive shareholders. The profits of Edventures dwindled to just eight (8) percent last year. Furthermore, Tim and Julia realized that as much as three (3) percent of profits are being spent in complying with the rules of public ownership. Suggest a way for Tim and Julia to "go private" without forming a new corporation.

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