Business Entities, Laws, and Regulations Paper

Restaurant/bar: Lou and Jose plan to open a sports bar and restaurant where customers
socialize and watch sporting events on large-screen TVs that hang around the bar. They do not
have much money, but they do have Miriam, a wealthy investor who does not have time to
participate in the business, but wants to provide capital to start the business in return for a
percentage ownership.

Extermination business: Frank is a wealthy investor who plans to open a chain of exterminating
businesses across the United States. (Franchise is a wrong answer)

Professional practice: Akiva and Tara have just completed all educational and experiential
requirements to be licensed as obstetricians. They want to open a birth clinic together. They will
take out a large loan to finance start-up costs.

Construction Scenario: Mei-Lin is the hiring manager for Surebuild, Inc., a new construction
company. She has advertised a position as a jackhammer operator. The position’s description
states that the successful applicant must have a high school diploma. The following people apply
for the position: Michelle, 35, who appears to be pregnant, is a high school graduate, and was
formerly employed as a jackhammer operator; Eric, 55, who is experienced with a jackhammer,
but has no high school diploma; Felipe, who is 38, speaks no English, has no high school
diploma, but is experienced with a jackhammer; and Nick, 23, a college graduate who is epileptic,
and has no experience with a jackhammer.

• Write a 1,050- to 1,400-word paper, discussing two of the above businesses, AND the
Construction scenario. For each business, discuss the business entity that represents the
best choice for each business, taking control, taxation, and liability issues into consideration.
Identify laws and regulations each business must consider in starting the business, and
identify risks against which each business must protect itself. For the scenario, don’t do the
aforementioned; instead,... [continues]

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