Start-Ups Of A Computer Software Business
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Start-Ups Of A Computer Software Business
Question 1
Joan Smith and Tony Jones – lifelong friends – want to start a computer software business. They are both married and have young children, and their spouses are not working. Both Joan and Tony have computer expertise and want to be actively involved in the business. Both are employed by a very large software company and each earns employment income of about $50,000. They want to continue with this employment while they get their own
business “off the ground.” Joan has no personal assets but Tony has just inherited a large sum of investments from his grandfather, and although some of that money will be used as startup capital for the business, Tony does not
want to have personal assets at risk in the event the business is unsuccessful. Furthermore, Joan and Tony have prepared financial projections for the business which show that it will lose approximately $30,000 in the first two years of operations, and start making profits in the third year.
Joan and Tony come to you, their lawyer(s), and ask for an opinion as to how they should organize their business and any other important issues they should consider before starting their business. Write an opinion letter to them, and consider all possible issues and considerations. Assume for the purposes of your answer that (1) the business is to be located in Nova Scotia (2) if they did incorporate their business it would qualify as a “Canadian Controlled Private Corporation.”
Question 2
It is now four years later. Joan and Tony incorporate their business as Islander Software Consultants (“ISC”). The authorized capital of the company is 1000 common shares with a nominal/par value of $10 per share, and the issued capital is 100 common shares. Joan and Tony each own 50 of these common shares. The company has started to turn a profit, but as of the most recent fiscal year ISC has retained earnings of only $23,000. Joan and
Tony want to get involved in tendering for some provincial government contracts, but in order to do so need additional capital of approximately $200,000. Their Bank already has lent ISC $150,000 and taken a debenture as
security, but is unwilling to advance additional capital. Joan thinks that they should offer ISC shares to the public. Tony does not think this is necessary. Tony lost all of his inheritance on bad stock market investments. However,
Tony has a rich uncle, Lenny Trump, who is prepared to invest the $200,000 in ISC. Lenny tells Tony that he trusts him to run the company, but the truth is that Lenny is a “control freak” and if things don’t go well Lenny will want to
control the company. Both Joan and Tony do not want to lose control over their company unless it is absolutely necessary. Lenny is a risk taker and rich enough that if he loses his $200,000 it is not the end of the world, and he
does not need an annual income or money from ISC. Joan is a bit unsure of the idea of accepting Lenny’s capital, but Tony has told them that if he does not go along with the plan in some form then Tony will incorporate his own
company and use Lenny’s capital to develop new spreadsheet software that Tony developed when they were a partnership.
(a) You are ISC’s corporate solicitor. From ISC’s perspective what is the best way or ways to structure Lenny’s capital in ISC, AND
(b) You are Joan’s solicitor. From Joan’s perspective (i) what is the best way or ways to structure Lenny’s capital in ISC (ii) what about Joan’s proposal to sell ISC shares to the public and (iii) what about Tony’s threat to incorporate a new company, AND
(c) You are Lenny’s solicitor. From Lenny’s perspective what is the best way or ways to structure Lenny’s capital in ISC.
minimum 5 pages, write in 1.5or2 space
255 The Music Plan Worksheet Assignment
(It need to be similar to these 2 answers listed below)
I found the textbook to be very informative on a subject that I knew little about prior to taking this course. It was an easy and enjoyable read. I had heard of musical therapy, but did not understand how it works or the ways it is
used to help treat different ailments. I found all of the exercises to be useful. The Music Log forced me to track what I was listening to, and to think about music that I had forgotten that I loved. Listening to music from my past has brought me pleasure while stirring up good memories. The Music Plan Worksheet helped me create different playlists that I am now using on a daily basis. I think I got the most immediate benefit from the Stress Assessment
Log. It forced me to think about what causes me stress, where I feel tension in my body, and what thoughts I have when experiencing stress. This has allowed me to be better able to predict when I will experience stress. I know
that commuting to work in the morning is a stressful situation, which causes my neck and shoulders to get very tense. To help combat this trigger, I play music that is soothing. I used to listen to rock, rap or talk radio on the
commute to work, but I found it was contributing to raising my stress level. If I know what causes me stress, I will be able to avoid it, cope with it, or at least minimize its impact. I found the Pain Assessment Log useful when I was
experiencing a bad cold/sinus issue a couple weeks ago. I experimented by listening to small clips of various types of music to see how much it increased or decreased the pain I was feeling. I now know what music I should
avoid and what I should listen to when I’m experiencing sinus pain, which is a few times a year due to allergies.
I have really enjoyed the reading in Manage Your Stress and Pain through Music, by Dr. Hanser and Dr. Mandel. I found the Logs to be challenging for me, especially the music plan worksheet, where I had to come up with songs on
my own. I am very bad at thinking of music off the top of my head and I found that a little stressful. Yet, I really enjoyed the CD. I feel the CD was very helpful in teaching me how to really use music for specific things. I really
enjoyed “Take a Deep Breath” as I did feel this helped gave me energy like the book talked about. I also liked “Bonsai”, which surprised me as I never listened to anything like it before, but it did help me relax. Then like the book talks
about I found “Lullaby and Good Night” to really help me relax to fall asleep. I always have a hard time closing down my mind to relax and sleep at night and this seemed to help me. It was fun to read the book and then listen to the
CD to see if the tracks actually did as the book talks about, and mostly they all worked exactly as the book stated for me. I also really liked all the reading on depression and stress and how music can help with these issues as
these are issues that I deal with. Also I liked to learn how silence is an important thing for us all to make sure to have, especially in our busy stressful lives. I think all of the information I have learned so far will really help me learn
how to deal with my emotions better by using music in so many different ways that I have never done before.
Start-Ups Of A Computer Software Business
RUBRIC
Excellent Quality
95-100%
Introduction 45-41 points
The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned.
Literature Support
91-84 points
The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned.
Methodology
58-53 points
Content is well-organized with headings for each slide and bulleted lists to group related material as needed. Use of font, color, graphics, effects, etc. to enhance readability and presentation content is excellent. Length requirements of 10 slides/pages or less is met.
Average Score
50-85%
40-38 points
More depth/detail for the background and significance is needed, or the research detail is not clear. No search history information is provided.
83-76 points
Review of relevant theoretical literature is evident, but there is little integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are included. Summary of information presented is included. Conclusion may not contain a biblical integration.
52-49 points
Content is somewhat organized, but no structure is apparent. The use of font, color, graphics, effects, etc. is occasionally detracting to the presentation content. Length requirements may not be met.
Poor Quality
0-45%
37-1 points
The background and/or significance are missing. No search history information is provided.
75-1 points
Review of relevant theoretical literature is evident, but there is no integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are not included in the summary of information presented. Conclusion does not contain a biblical integration.
48-1 points
There is no clear or logical organizational structure. No logical sequence is apparent. The use of font, color, graphics, effects etc. is often detracting to the presentation content. Length requirements may not be met
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