You are a consultant for a client who wholly owns a business called Bistro, a popular caf and bar located in historic downtown, Arizona. Your client also inherited a significant sum of money that is invested in several business entities, including publicly traded companies. Over the course of the fall season (into the winter), your client has had several questions. Some of the questions relate to your client as the owner of the caf. Others relate to other business issues the client is experiencing. Those different issues are found on the next page

For each scenario, briefly address the following:

What laws would you use in assessing the situation? What is your sense of the "right" thing to do in the situation? What steps should the client take at this point? What are the risks (if any) of failing to act?

Sep 15: Bistro405 is so popular in town that the client would like to open a second location across town. But the client does not want to take on significant personal debt to do this. Instead, the client has already incorporated the caf and would like to issue new stock to fund the new location. The client knows several good friends interested in investing, including many in other states. The client is interested in how to go about issuing the shares.