3. Rachel worked in one of her family's two furniture stores. When her grandfather expand the business and build three more stores, Rachel realized that he would need a lot of
capital to get the construction started. She suggested that her grandfather raise the money by
selling shares of stock in the company to just a few people, not to the general public. Her
grandfather filed Articles of Incorporation with the government. He sold 1,000 shares of stock
to 100 people and kept 1,500 shares.
graduation gift Doug's