TU Unlimited, Inc.has been in the hot tub and spa business since 1970.Several years ago it decided it should get into the patio enclosure business because many customers were purchasing tubs and then enclosing them on their patio.Three years ago, the company acquired the franchise from a local proprietor for $100,000 to allow it to sell prefabricated enclosures manufactured by another corporation specializing in this type of activity.The proprietor had six years of experience in the business.The enclosure business has had incredible growth, and this year the company decided to get out of the hot tub business.It sold all of the assets of the hot tub business and distributed the proceeds pro rata to its shareholders in redemption of 5 percent of their stock.The distribution will

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The Answer of TU Unlimited, Inc.has been in the hot tub and spa business since 1970.Several years ago it decided it should get into the patio enclosure business because many customers were purchasing tubs and then enclosing them on their patio.Three years ago, the company acquired the franchise from a local proprietor for $100,000 to allow it to sell prefabricated enclosures manufactured by another corporation specializing in this type of activity.The proprietor had six years of experience in the business.The enclosure business has had incredible growth, and this year the company decided to get out of the hot tub business.It sold all of the assets of the hot tub business and distributed the proceeds pro rata to its shareholders in redemption of 5 percent of their stock.The distribution will