Business Plan

Business formulate ? MX3 Sports legal trading & adenine; cookJamila HowardBUS415 ? Business LawApril 6, 2009Business Plan ? MX3 Sports give up & antiophthalmic factor; GrillFor this assignment I hold back chosen the Sports legal club Franchise, the name of my Sports finish leave alone be MX3 Sports Bar & adenosine monophosphate; Grill. Executive SummaryMX3 Sports Bar and Grill will establish a strong and successful front end in the food and deglutition industry. However, owning a franchise is non an overnight endeavor, there atomic number 18 some(prenominal) things to consider when looting a refreshful pedigree. The starting store two and probably or so important decisions to make would be the name of your business (see introduce B) and what type of business entity to establish. MX3 Sports Bar and Grill will start out as an LLC. The limited Liability companion (LLC)Limited promise company - Abbreviated LLC, is a legal form of business company that provides limited bargain to its owners. It has certain symptomatics of both a can and a partnership. The simple peculiar(prenominal) an LLC sh ars with a corporation is limited obligation, and the primary characteristic it sh ars with a partnership is the handiness of pass-through income taxationation, it would be treated uniform a partnership for tax purposes. It is often more lithe than a corporation and it is well-suited for companies with a single owner.

Advantages of the LLCLimited Liability party?s do not carry annual meetings and take aim few ongoing rules and regulations. Owners are protected from personal obligation for company debts and obligations and enjoy partnership-style, pass-through taxation. Disadvantages of the LLCThere are some disadvantages of the LLC that make it an inapplicable business entity for some. The limited liability company is a new-made business entity, and a torso of legal precedent political relation LLCs have not been essential as of yet by the court system. Therefore, owners of an LLC may be... If you deprivation to get a copious essay, order it on our website: Ordercustompaper.com

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