What are two things the majority shareholder can do

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Reference no: EM133226035

Assignment:

You are involved in the incorporation of Solomon Used Cars.

a) What do you need to add to the above name in order to incorporate? Why is this addition necessary?

b) You will be the initial director of the corporation, but not the majority shareholder. To whom do you owe a duty of care?

c) The majority shareholder is unhappy with the financial results and your decision making as sole director. What are two things the majority shareholder can do?

d) A customer asks about your other partners, but you operate as a sole proprietorship. What is one good reason to correct your client?

Reference no: EM133226035

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