Business Entities, Laws, and Regulations Paper Free Essay, Term Paper and Book Report
Lou and Jose want to open a restaurant and sports bar. Miriam (, an investor whom is very well-off has the necessary funds to back the company, but does not have the time to operate a business, or the time that is needed), will invest in the restaurant/bar that Jose and Lou will open. This business is starting out brand new and has three primary owners-Miriam, Lou, and Jose. The business should be managed in a limited partnership. Cheeseman, H.R. (2010) says "A partnership has to complete an information return with the IRS, telling the government the amount of income earned or losses incurred by the partnership." Jose and Lou are both accountable, as proprietors, for the rule being put into effect properly in the business. Together members of staff and shoppers will be taken care of if the authorized tasks are guaranteed: guaranteeing the peace, agreeing to planning, guaranteeing organized change, and defending community integrity. If a business is fairly and honorably truthful, in accordance to the law, the business will have more patrons that are dedicated function......
Word Count: 1151
Page Count: 4.6 (250 words a page / double spaced)
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