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How would you react to chance decision to move

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Reference no: EM132350006

Question - Suppose Chance Armstrong is a U.S. resident but a French citizen. His mother has recently been diagnosed with a terminal illness, and Chance has decided to move back to France to take care of his mother and her affairs. He anticipates that he will live in France for several years and that he will no longer be considered a U.S. resident. If you were the other shareholders, how would you react to Chance's decision to move? Would you ignore the impact it may have on CCS's S corporation status? Would you pressure Chance to sell his CCS stock to you?

Reference no: EM132350006

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