MelissaCo has four equal shareholders who each own 1000 shares. Rebecca and individual Jennifer Rebecca's daughter ChristianCo, A C corporation, in which Rebecca and Jennifer each own 10%; and Iceland LLP, and unrelated partnership. How many shares is Jennifer considered to own for purposes of applying the substantially disproportionate test of section 302?  

Answer rating: 100% (QA)

In order to determine the number of shares that Jennifer is considered to own for the purposes of ap... View the full answer