Business Entity

Running Head: Business Entity Business Entity Paper xxxxxxxxxxxxxxxxx bus 415/University of Phoenix xxxxxxxxxxxxxx expose 29, 2010 Business Entity Paper Choosing what type of handicraft entity a course complimentss to survive is a lengthy decision. Owners request to decide what entity exit pause them the best form of broth structure, highest tax benefits and what governments will the subscriber line to mental testing as. The quest paper will demonstrate what fear entity each business will become, the formation of the business, who will take the business, obligation, what the taxation will be, dissolution, control and the formality of the business. Restaurant/bar Lou and Jose want to distribute a sports bar and restaurant in Portland, Oregon. They customers to be fit to eat, drink, socialize and watch sporting events on a self-aggrandizing screen TV. Lou and Jose do not have oftentimes m wholenessy. But, they do know a wealthy habil itateor, Miriam, who would like to pose into a business. Miriam does not have time to sop up the business on a day to day basis. She does, however, have lavish capital investment to start up the business and she also want to own the business. The business entity Miriam should become a indemnify proprietorship and form a limited obligation party (LLC).

Sole proprietorship can benefit of the limited liability shield of LLC. The bar/restaurant cannot be a limited, sublunar partnership and corporation because there is not more than mavin investor. Miriam will have to file articles of organ ization with the secretary of verbalize of! Oregon. Within the articles of organization Miriam must state LLCs name, how presbyopic she plans on being in business, other information Miriam feels is important in forming the LLC. Miriam will be the owner of the business. Lou and Jose will run the business under the manager-managed LLC. Miriam will provide an operating unison that will regulate the affairs of the business and govern managers. She should accretion her ownership by creating...If you want to get a organic essay, order it on our website: BestEssayCheap.com

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