Topic: BUSN2042 Corporations L X C Home | Chegg.com x|+ .au/pluginfile.php/5211264/mod_assign/intro/BUSN2042%20zCase%20Study%20Instructions%20and%20Ma - +2 Page view A Read aloud Add text Draw 1) Scenario Brendan, Kevin and Ryan meet each other on the first day of their innovation and entrepreneurship course. They soon discover that they all follow the same Low-FODMAP ("Lo-Fo") diet because it promotes digestive balance, and according to them improves overall well-being. They become good friends. Upon completion of their course they consider various business ideas that respond to the growing demand for Lo-Fo eating options, and register the following company with ASIC: Name: Lo-Fo Friends Pty Ltd ACN 888 888 888 Share Information: 15 Ordinary shares (ORD) issued. Members (ie shareholders): Directors: Brendan 5 Ordinary shares (ORD) Kevin -5 Ordinary shares (ORD) Ryan-5 Ordinary shares (ORD) Brendan, Kevin and Ryan The company is registered without a constitution. After setting up this company, Brendan, Kevin and Ryan struggle to make up their minds about whether to open a restaurant in the city, or whether to conduct a catering business. They are not sure about committing to a commercial lease and therefore initially decide to open a home-based catering business. Brendan, Kevin and Ryan decide to conduct the catering business through the following company, which they register with ASIC: Name: Lo-Fo Catering Pty Ltd ACN 123 123 123 Share Information: 10 Ordinary shares (ORD) issued. Members (ie shareholders): Lo-Fo Friends Pty Ltd ACN 888 888 888-10 Ordinary shares (ORD) Directors: Brendan, Kevin and Ryan ii 27C Sun