Question: REIS Inc owns constructs and manages 25 shopping malls throughout
REIS, Inc., owns, constructs, and manages 25 shopping malls throughout the United States and Canada. REIS is concerned that the failure of any one mall will be a substantial financial loss that will cause the entire business to fail. What parent-subsidiary structure do you recommend REIS, Inc., create to solve the liability risks of operating 25 malls? What roles will the parent corporation undertake after the subsidiary structure has been established? List the dos or don'ts that will help prevent a piercing of the veils between the subsidiaries and between the parent company and its subsidiaries.
Answer to relevant QuestionsCastleberry, Branscum, and Byboth each owned onethird of the shares of a furniture-moving business, Texan Transfer, Inc. Branscum formed Elite Moving Company, a business that competed with Texan Transfer. Castleberry ...Tri R Angus, Inc., a closely held corporation, was owned 80 percent by Jon and Frances Neiman, who were also directors of Tri R Angus. Troy Neiman and Carol Lewis owned 12 percent of Tri R Angus's shares. Troy and Carol ...Lymon Properties Group, Inc., is a developer and operator of retail shopping malls. Lymon owns 75 percent of the shares of LDC, Inc., whose business is investing in undeveloped land. All of LDC's directors are appointed by ...Myron Lasky was a shareholder in Kramett, Inc., a manufacturer of novelty candies. When Kramett's business declined, its board of directors chose to save the business by selling it to a larger candy company; Narron ...Mickie Wenwoods, an outstanding collegiate golfer, graduates from college and decides to turn professional. To finance her effort to qualify for the LPGA Tour and to cover the cost of travel, housing, food, and a caddy, ...
Post your question