Business, 24.06.2020 19:01 jared5491

Chocolates R' Us, Inc is owned equally by Desi and his wife Lucy, each of whom hold 550 shares in the company. Lucy plans to reduce her ownership in the company, with the company planning to redeem 475 of her shares for $10,000 per share on December 31 of this year. Assume Desi and Lucy are not getting along and have separated due to marital discord, but are not legally separated. Because they no longer talk to each other, they communicate only through their accountant. Lucy wants to argue that she should not be treated as owning any of Desi's stock in Chocolates because of their hostility toward each other. Can family hostility be used as an argument to voice the family attribution rules?

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Chocolates R' Us, Inc is owned equally by Desi and his wife Lucy, each of whom hold 550 shares in th...