[SOLVED] Legal Capstone Discussion 6n

Need help with my Business question – I’m studying for my class.

Struggling to find relevant content or pressed for time? – Don’t worry, we have a team of professionals to help you on
[SOLVED] Legal Capstone Discussion 6n
Get a 15% Discount on this Paper
Order Now

Jayne and Jed are married to each other. They formed a corporation for their machine shop two years ago, without using a lawyer. The business manufactures agricultural parts and has employees, and does earn some money, but they never became wealthy. They failed to observe all the corporate formalities over the last two years and tended to pay all their personal expenses out of the business checking account. Machine shops rarely need groceries, baby diapers or dinner ware, but this corporation paid for them! They never held corporate meetings, and did not sign minutes of the corporation showing actions without a meeting or formal elections of officers. All they did after filing papers with the Secretary of State and receiving their Certificate of Incorporation was to sign forms at their bank that Jed was the Treasurer and President and authorized signer for checks and for loans.

One year ago, Jayne and Jed divorced, again, doing it themselves without a lawyer. Jayne received a mortgaged house and Jed got all the stock in the business corporation that owns the machine shop and all its contents and all its bank accounts. Jayne has no more ownership in the corporation, and is not an officer or director.

Jayne has now hired Theodore, your supervising attorney, to collect past due property settlement money, child support, and alimony in the amount of $25,000. Jed managed to trick Jayne by making sure the money and most of his personal goods are owned by the corporation, not personally. He pays himself no salary and pays himself no dividends from the corporation, but does pay personal bills from the corporate checkbook. An attorney named Ray assisted Jed in doing this. The corporation now owns silver ware, china plates, a baseball card collection, a boat and trailer, a motor home, and other items not commonly used by a machine shop that creates parts for agricultural use!

What are Theodore’s options to collect the $25,000 from Jed for Jayne? A judgment was obtained against Jed, but is it collectible if he has no money or physical goods in his own name? Which options are best, in your opinion? Can they realistically get a court to pierce the corporate veil? Can they get a court to allow seizure and sale of corporate assets? Is the stock itself vulnerable to seizure and sale for the debt? Did Ray commit an ethical violation in assisting Jed to hide assets from is ex-wife?

Calculate the price
Make an order in advance and get the best price
Pages (550 words)
*Price with a welcome 15% discount applied.
Pro tip: If you want to save more money and pay the lowest price, you need to set a more extended deadline.
We know how difficult it is to be a student these days. That's why our prices are one of the most affordable on the market, and there are no hidden fees.

Instead, we offer bonuses, discounts, and free services to make your experience outstanding.
Sign up, place your order, and leave the rest to our professional paper writers in less than 2 minutes.
step 1
Upload assignment instructions
Fill out the order form and provide paper details. You can even attach screenshots or add additional instructions later. If something is not clear or missing, the writer will contact you for clarification.
Get personalized services with MyCoursebay
One writer for all your papers
You can select one writer for all your papers. This option enhances the consistency in the quality of your assignments. Select your preferred writer from the list of writers who have handledf your previous assignments
Same paper from different writers
Are you ordering the same assignment for a friend? You can get the same paper from different writers. The goal is to produce 100% unique and original papers
Copy of sources used
Our homework writers will provide you with copies of sources used on your request. Just add the option when plaing your order
What our partners say about us
We appreciate every review and are always looking for ways to grow. See what other students think about our do my paper service.
English 101
The paper was late. However, it was excellent quality.
Customer 452561, July 2nd, 2021
Customer 452813, July 5th, 2022
I requested two pages and only have one page and the second pages is references.
Customer 452475, August 22nd, 2022
Always a job well done. I really appreciate the hard work.
Customer 452453, January 4th, 2021
Awesome Work!
Customer 452587, February 24th, 2022
Human Resources Management (HRM)
Thanks for your assistance.
Customer 452701, November 9th, 2022
Paid for the paper to be completed 5 days prior than the day I received the paper.
Customer 452693, July 13th, 2022
Eng 099
I recveived a B on this paper but I'm not sure why.
Customer 452775, June 18th, 2022
Customer 452813, June 25th, 2022
Criminal law
Thank You!
Customer 452465, January 29th, 2021
The paper is well written and professional. I highly recommend
Customer 452485, August 22nd, 2021
Thank you for your help.
Customer 452707, July 5th, 2022
15% OFF your first order
Use a coupon FIRST15 and enjoy expert help with any task at the most affordable price.
Claim my 15% OFF Order in Chat

Get top-notch homework help now. 20% off first 10 orders!


Thank you for choosing MyCoursebay. Your presence is a motivation to us. All papers are written from scratch. Plagiarism is not tolerated. Order now for a 15% discount

Order Now