Getting back to basics: The art of reading

By Sandra Taylor-Sawyer

I recall hearing a story about two siblings who went into business together and formed a corporation. When it came time to borrow additional funds the owners used company stock as collateral. One of the siblings signed a document giving what he thought was 20 percent to the financial institution; when in reality his sister had written her name in the transfer line.

As time moved on, the siblings had differences of opinion concerning the direction of the company, and subsequently met with their attorney.