3 Factual Scenarios
Factual Scenario 1:
Founded in 1964 and headquartered in Kansas City, Lucky’s has more than 550 locations in 41 states, providing professional truck drivers and motorists with 24-hour access to clean and safe places to purchase gasoline, diesel fuel, Compressed Natural Gas (CNG), travel items, electronics, snacks, restaurant offerings, and more. Lucky’s Truck Care offers heavy-duty tire care, including TirePass, light mechanical services and roadside assistance. Lucky’s Hospitality provides a growing network of hotels and storage rental locations, and Lucky’s Financial offers freight bill factoring and back-office support to professional drivers.
Lucky’s has more than 29,000 employees in our travel stops, Speedco locations and country stores from coast to coast, with corporate offices in Kansas City.
Factual Scenario 2:
Montego’s portfolio includes high-quality unconventional oil and natural gas assets in top U.S. onshore plays. Our value-driven strategy focuses on continuously generating capital efficiencies and operating with low, industry-leading production and G&A costs, while maintaining our strong balance sheet. The safety of our employees, contractors, the public and the environment is our number one priority and reflects our commitment to conducting our business responsibly and living our core values.
With innovative employees and advanced technical resources, we are creating a differential investment for anyone interested investing.
please utilize the materials discussed in chapters 27, 28, 29 and 30 as well as your notes from those discussions.
You may also utilize outside materials of your choosing, but are not required. If you find them helpful, you may utilize the statutes linked below that reflect Oklahoma law. If you choose to incorporate in another state, you may adopt these Oklahoma laws as the laws of that state.
https://www.oscn.net/applications/oscn/Index.asp?ftdb=STOKST18&level=1 (Links to an external site.)
(pay particular attention to Chapters 22 and 32 in the link above)
https://www.oscn.net/applications/oscn/Index.asp?ftdb=STOKST54&level=1 (Links to an external site.)
(pay particular attention to Chapters 1 and 9 in the link above)
https://www.sos.ok.gov/corp/filing.aspx (Links to an external site.)
(the forms may be helpful in the link above)
Deliverables
Each student must take the fact patterns given to them — each student will receive an email from the instructor outlining the facts to be utilized for this exam.
From the facts given as well as the materials described above, each student should submit an analysis of the type of entity or entities that should strategically be formed and the location of that/those organization(s). At a minimum each student should fully analyze issues related to the following in their submission:
(1) Formation; (2) Liability; (3) Capitalization; (4) Taxation; (5) Management/operation.
As we have discussed, a conclusion is required, but the analysis is where I will be giving points towards your grade. There is not a single correct answer. If your analysis is sound and complete
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