Prepare a memo to the client indicating issues considered, areas where more information might be needed, and preliminary indications or recommendations.
Industries Inc. is a C corporation with a July 31 year end. The Company was founded in 1934 with 2 original shareholders. It is closely held, with 11 shareholders. The shareholders are individuals and trusts. The corporation is held by 3 different families. Ownership is approximately 1/3 per family; one family is headed up by […]