Assignment task:
Four friends from college are interesting in starting a new business that will provide accounting services to information technology companies. Later, the company hopes to develop FinTech enterprise software for the banking industry. They want to use a combination of the word "budget" and the initials "IT" to name the company "BudgIT. The friends want to keep the ownership of the company as small as possible, but they also would like to attract investors to help finance the growth into developing the FinTech software division. In addition, they have an interest in a business structure that would give them as much flexibility as possible, including letting the friend who has an MBA have governing responsibilities. One of the friends remembers taking a law course while getting her MBA and suggests a close corporation as the business structure they should choose. Draft the organizing document that will create the company. Use code sections O.C.G.A. 14-2-202, 14-2-401 (a) and (b), 14-9-902, and 14-9-22 (a) to draft the document. Do not include the text of the code sections in your document. You may, however, cite the code section to show that a particular provision of the organizing document satisfies the legal requirements.