Write a 1,050- to 1,400-word paper, discussing two of the businesses below, and the Construction scenario, for a total of three analyses. For each business, discuss the business entity that represents the best choice for each business; taking control, taxation, and liability issues into consideration. Also identify laws and regulations each business must consider in starting the business, and identify risks against which each business must protect itself. For the Construction scenario, discuss all of the above elements; plus, also identify and discuss the employment laws and regulations with which the Construction entity must comply in making a decision.
Restaurant/Bar Business: 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.
Professional Business: 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.