(Download) "York v. Stiefel" by Supreme Court of Illinois # eBook PDF Kindle ePub Free

eBook details

Title: York v. Stiefel
Author : Supreme Court of Illinois
Release Date : January 16, 1983
Genre: Law,Books,Professional & Technical,
Pages : * pages
Size : 70 KB

Description

The defendant suggested a subchapter S corporate arrangement and incorporated Countryside Porsche-Audi, Inc. (Countryside), with LaCroix as president, York as vice-president, and the defendant as assistant secretary and registered agent. Janis York and Donna LaCroix were not officers or employees of the corporation. To provide capital for the corporation, LaCroix and York each purchased 500 shares of Countryside's stock at a dollar a share, and York's father made a capital loan to the corporation of $50,000.