Your start-up company has negotiated a contract to provide a database installation for a manufacturing company in Poland. That firm has agreed to pay you 100,000 CAD in three-month’s time….
How does a person cease to be a member of a company?
Kelvin is considering buying shares in a company. Kelvin asks you to explain to him what is meant by
lhe lerm? ?member? and ??hareholder?? and lhe differenl ?a?? in ?hich a person may become a
member. He also asks you to explain who may be eligible to become a member, and how many
members a company is permitted lo ha|e? Finall?? Kel|in a?k? ?How does a person cease to be a
member of a company??
Required: Advise Kelvin.