Business Entities, Laws, And Regulations

When making a decision to make believe a business, the potentiality business owner or owners testament be exacting to partake in many important decisions. Decisions in hamper to what instance of business he or she desires to own and operate, what part of business entity to use, and what professional advisors to select, such as; accountants, insurance agents, and lawyers. sea captain advisors can assist the business with start-up decisions such as; develop the best possible form of ownership for the business owner or owners, protection of property rights, and best possible actions to ascertain taxation functions as well as maintain form and business laws (My Own Business, 2011). Business entities to conduct business be sole proprietorship, corporation, partnership, s-corporation, limited liability partnerships (LLC), and non-profit organizations (eHow, 2011). Business owners need to harbinger possible liability issues, federal and state laws, regulations, and po tential risks. Owners that yield an understanding of these considerations and make them a priority will or so likely succeed. Lou and Jose plan to open a sports eject and take in house so that their customers can defend a pure air to go and socialize while watching jazzy events.

The deuce potential business owners deficiency to provide a larger-than-life screen television sets that are located virtually the bar. They bewilder a wealthy friend Miriam who is also an investor, though he does not have a lot of measure to be involved in the participation of the business he does want to provide Lou and Jose with the capital that they need to start the business. He has a sked that in return for the startup capital ! that he have a percentage of the ownership. In this scenario it would be best for Lou and Jose to establish a limited liability partnership however they could go with a corporation as their choice of business entity. Miriam, being an investor will provide the capital to help Lou and Jose get the new-fashioned sports bar and restaurant up...If you want to get a liberal essay, score it on our website: OrderEssay.net

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