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Question
Tim and Julia are the majority shareholders of Eduventures, Inc. Together they own 800 of the company's shares. The remaining 200 shares are held by passive shareholders. The profits of Eduventures dwindled to just 8 percent last year. Furthermore, Tim and Julia realized that as much as 3 percent of profits are being spent in complying with the rules of public ownership. Suggest a way for them to "go private" without forming a new corporation.
Answer
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