Business Entities, Laws, And Regulations

When making a decision to engraft a business, the potence business possessor or owners testament be domineering to partake in many important decisions. Decisions in violate to what instance of business he or she desires to own and operate, what cause of business entity to use, and what professional advisors to select, such as; accountants, insurance agents, and lawyers. superb advisors can assist the business with start-up decisions such as; demote the best possible form of ownership for the business owner or owners, protection of property rights, and best possible actions to deem taxation functions as well as maintain mannikin 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 reckon possible liability issues, federal and state laws, regulations, and potential risk s. Owners that release an understanding of these considerations and make them a priority will active likely succeed. Lou and Jose plan to open a sports eject and flummox house so that their customers can defend a small air to go and socialize while watching blank events.

The deuce potential business owners deficiency to provide a larger-than-life screen television sets that are located roughly the bar. They have a wealthy friend Miriam who is also an investor, though he does not have a lot of time 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 asked that in retu rn for the startup capital that he have a pe! rcentage 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 impertinently sports bar and restaurant up...If you want to get a rich essay, score it on our website: OrderEssay.net

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