Civet Coffee Catastrophe at Starsucks
Once upon a modern time, in a world where fairy-tale endings meet caffeine-induced ventures, Hansel and Gretel orchestrated their own magical beanstalk – a quirky coffee empire named Starsucks. Hansel, the bean-counting brother, had a 40% stake in the caffeine kingdom, while Gretel, the grande dame of lattes, steamed ahead with a robust 60%. They launched their dream on a shoestring budget, turning a mere hundred grand into a million dreams, because who needs registered capital when you have coffee beans and chutzpah?
In just half a decade, Starsucks mushroomed across the land, sprouting ten new spots where sleepy townsfolk could find their java joy. But Hansel, ever the bean dreamer, decided it was time to brew up a storm with something exotic – Indonesian coffee, a cuppa so ritzy it could cost more than a decent pair of lederhosen.
Enter Kopi Luwak, the crème de la crap of coffees. This isn’t your grandma’s percolator potion; it’s a bean so posh it comes pre-digested by a toddy cat, a creature with a culinary kink for coffee cherries. The aftermath? A bean that’s seen things – things no coffee should see.
In a twist right out of a Grimm’s remix, Hansel didn’t score the civet-certified scoop but ended up with a cat-astrophic knockoff, straight from the litter box of your average tabby. Realizing they’d brewed a pot of disaster, Gretel whispered of fleeing the scene, leaving no trail of breadcrumbs or debts behind.
Cue Ken and Ben, the loyal lieutenants of this fabled café, who were handed the keys to the kingdom – or so they thought. Starsucks’ shares were their unexpected treasure, or perhaps a trojan horse in a to-go cup. Hansel and Gretel bid adieu, dreaming of sunsets and sand, not lawsuits and landfills.
The plot thickened like over-steeped coffee when Ken, brimming with pride, inked a deal with a five-star hotel to serve up their faux feline brew. But when the truth spilled, the scandal brewed hotter than a fresh espresso. Starsucks faced the fury of customers and a million-dollar lawsuit, all for peddling cat poop coffee while the founders sipped cocktails on an undisclosed beach.
Law In A Minute
By shifting their shares to Ken and Ben, Hansel and Gretel effectively washed their hands of any future company entanglements. They executed their exit strategy without a hitch. Now, it’s Ken and Ben who are on the hook for the 1 million, matching the recorded capital on the company’s ledger.
Not only have they invested five years into the business, but they also find themselves abruptly saddled with a staggering debt of 1 million. The adage holds true: there’s no such thing as a free lunch. Should a sudden offer of complimentary shares land in your lap, it’s wise to consult a lawyer to vet this unexpected bounty before you claim it.
Legal Basis
Company Law
Article 3
A company is an enterprise legal person, which has independent legal person property and enjoys the right to legal person property. It shall bear the liabilities for its debts with all its property.
For a limited liability company, a shareholder shall be liable for the company to the extent of the capital contributions it has paid. For a joint stock limited company, a shareholder shall be liable for the company to the extent of the shares it has subscribed to.