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17. Inventor Ivan and marketing genius Gene want to form a n…
17. Inventor Ivan and marketing genius Gene want to form a new corporation to market Ivan’s amazing new design for motion picture projectors. They want to hire attorney Arnold to help them to do the necessary legal work and to help them find venture capital. Because they have almost no hard cash at present, they have asked Arnold to do this work for them in exchange for 4% of the capital stock of the new corporation. The remaining 96% will be divided equally between Ivan and Gene and their respective families. May Arnold agree to their proposal?
17. Inventor Ivan and marketing genius Gene want to form a n…
Questions
17. Inventоr Ivаn аnd mаrketing genius Gene want tо fоrm a new corporation to market Ivan’s amazing new design for motion picture projectors. They want to hire attorney Arnold to help them to do the necessary legal work and to help them find venture capital. Because they have almost no hard cash at present, they have asked Arnold to do this work for them in exchange for 4% of the capital stock of the new corporation. The remaining 96% will be divided equally between Ivan and Gene and their respective families. May Arnold agree to their proposal?