Tristan asks : how does a person cease to be a member of a company?
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Tristan is considering buying shares in a company. Tristan asks you to explain to him what is meant by the terms ‘member’ and ‘shareholder’, and the different ways in which a person may become a member. He also asks you to explain who may be eligible to become a member, and how many members a company is permitted to have. Finally, Tristan asks : how does a person cease to be a member of a company?
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- Your high school friend started a business that has blossomed over the years, and he is considering incorporating so he can sell shares of stock and expand. He has asked you for help understanding the costs of incorporating. What are some of the costs that he will face as he organizes the corporation and begins to sell shares of stock?Tristan is considering buying shares in a company. Tristan asks you to explain to him what is meant by the terms ‘member’ and ‘shareholder’, and the different ways in which a person may become a member. He also asks you to explain who may be eligible to become a member, and how many members a company is permitted to have. Finally, Tristan asks: how does a person cease to be a member of a company? The solution to this questions should be in line with the rules and section of Australian Consumer LAW and ASICKelvin is considering buying shares in a company. Kelvin asks you to explain to him what is meant by the terms ͚member͛ and shareholder͕͛ and ƚhe different ways in which a person may become a member. He also asks you to explain who may be eligible to become a member, and how many members a company is permitted ƚo haǀe͘ Finally, Kelvin asks ͞"How does a person cease to be a member of a company?͟" Required: Advise Kelvin.
- Tristan is thinking about purchasing stock in a corporation. Specifically, Tristan has asked you to explain to him what the terms'membership' and'shareholdership' represent, as well as the many methods in which someone might become a member of the organization. He also wants you to clarify who would be qualified to become a member, as well as how many members a corporation is allowed to have. Finally, Tristan inquires as to how a person might become no longer a member of a corporation.Jack is considering incorporating and asks for advice. Which of the following is not a major concern he should worry about? selection of the corporation's name colors for his business logo which state to incorporate his business the number of stock shares he should authorizeIn the wake of acquiring his shares, you're asked by Tristan to explain to him what a member's register is, what information it contains, and whether or not all businesses are required to have one. Upon hearing that there is a register, Tristan becomes quite curious. He asks you if he may check the one where his information are kept, and if so, where. Tristan confides in you that if he has access to all of the members' personal information, he plans to sell it to commercial call centers and socio-economic survey research firms. It's a mystery to Tristan why only a judge can make corrections in the members registry. Give Tristan some advice.
- You are offered a job you know that accepting this job may eventually lead to a promotion into the role of the financial manager. As the potential financial manager, what federal and shareholder requirements would you need to be familiar with in order to ensure that you are being completely compliant? While investigating the shares offered to you by your potential boss, you discover that the company you are considering working for is not registered as required under the Securities Act of 1933. How does this influence you as a potential employee and as a potential shareholder relative to any applicable statutes or laws?After purchasing his shares, Tristan asks you to explain to him what the register of members is, what information is in that register, and whether all companies must keep one. Tristan is quite fascinated by the existence of a register and asks you whether he can inspect the one his details are recorded on and, if so, where can he find it. Tristan confides in you that if he can get access to the personal details of all his company’s members, he could then sell that information to commercial call centres and socio-economic survey research companies. Also, Tristan cannot understand why the court has sole power to correct any errors made on entries into the members register. Advise Tristan. specify ASIC rulesWrite T if the statement is correct and F if the statement is incorrect. On the space provided, explain using the concepts discussed why your answer to a statement is T or F. 1. A person of minor age can be a shareholder but can never be an incorporator in a corporation. 2. A corporation can be an incorporator in another corporation. 3. A share certificate can be issued to those subscribers who partially paid their subscriptions. 4. A corporation or business partnership can be an incorporator but not a corporator. 5. All partnership can be an incorporator in a corporation. 6. On January 10,2021, Ana paid 90% of her subscription in Jollibee Foods Corporation. She will receive her certificate of stock on January 10,2021. 7. Continued inoperation of a corporation for at least 5 consecutive years will result in its certificate of incorporation being deemed revoked. 8. In case of conflict between the by-laws and the corporation code, the code shall prevail.
- Which of the following represents one of the basic rights of stockholders? a. Stockholders may sell their stock back to the company if they wish. b. Stockholders may authorize a business contract on behalf of the corporation. c. Stockholders may determine at what price the company issues stock. d. Stockholders may participate in management by voting on corporate matters.You are the president of Duke Company and are leading the company through the process of incorporation. The company has determined that common stock shares will be issued, but several key executives at Duke are not quite sure they understand the preemptive right feature associated with common shares. Prepare a memo to your executive team outlining the meaning of this right.