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 8: Your client is interested in selling a small business that has been in the family for many years. Your client is the only owner of this private corporation. The business is a small poultry processing plant. Your client has been in contact with a large, national corporation that processes poultry and other meat for sale in grocery stores. The larger company would like to acquire your client's business, but your client has heard that there is some process of approvals that might have to happen before the client can just accept cash and give away the assets.