Samantha is an architect,and she is also the sole shareholder of Sam's Shoes Inc.She wants to semi-retire from the shoe business soon and her three employees have all expressed great interest in taking over the company,however,they do not have the financial resources necessary to make the purchase at this point in time.Samantha is not in a hurry to receive the proceeds from the business as she will continue with her architectural work for another five years.
Samantha has heard about something called a 'share reorganization' and she has asked you to explain what it means and if it would apply to her situation.
Required:

Question

Quizplus · Accepted Answer

The Answer of Samantha is an architect,and she is also the sole shareholder of Sam's Shoes Inc.She wants to semi-retire from the shoe business soon and her three employees have all expressed great interest in taking over the company,however,they do not have the financial resources necessary to make the purchase at this point in time.Samantha is not in a hurry to receive the proceeds from the business as she will continue with her architectural work for another five years.
Samantha has heard about something called a 'share reorganization' and she has asked you to explain what it means and if it would apply to her situation.
Required:

Samantha Is an Architect,and She Is Also the Sole Shareholder