Starting a New Business Essays -- Setting Up a Business

substructureAs Regina Meyers contemplates opening a Satanic coffeehouse in her hometown, she essential make a number of critical line of reasoning decisions related to problem organization, ownership, structure, and management. A number of her friends and family members life expressed interest in partnering with her or simply being involved. As Reginas legal offerr, I have been asked to provide advice to her on a variety of topics outlined below. line of work Friends, Family, and FoesAs an entrepreneur and avocation owner myself, I applaud Regina for taking the initial steps towards establishing her business - a Satanic coffeehouse while also respectfully providing advice based on some of my personal lessons learned. The first, and from my perspective the virtually important, decision Regina must make is related to the ownership structure of her business. term respecting that Ben, her husband, is willing to make a capital enthronisation in the business but does not des ire to participate in the operation and management, Regina unavoidably to ensure that, as a married couple, they both understand and accept the responsibilities and risks involved with starting a business. From the information presented in the background notes, I am concerned that Bens pledge of a financial investment in the proposed company was from personally managed funds and not jointly-managed funds. If, indeed, the financial support pledged was from her husbands personal funds, I would respectfully advise Regina against the accepting the investment as the marriage relationship would likely let by adding a non-union investor-investee financial relationship. With this noted, if Bens financial contribution is in truth a confirmation supporting the use of their joint financial re... ...trieved from BCP Business Center http//www.business.ftc.gov/documents/inv05-buying-franchise-consumer-guideGaston Regional Chamber. (2013, celestial latitude 2). Just starting out/business forma tion. Retrieved from Gaston Regional Chamber http//gaston.toolsforbusiness.info/northcarolina/1b/formation/North Carolina Department of the Secretary of State. (2013, December 2). Search for a corporation by name. Retrieved from Corporations Division http//www.secretary.state.nc.us/corporations/searchresults.aspx?onlyactive=OFF& talking to=STARTING&searchstr=The%20Gathering%20PlaceUnited States Patent and Trademark Office. (2013, December 2). Trademark electronic Search System (TESS). Retrieved from United States Patent and Trademark Office http//www.uspto.gov/trademarks/index.jspWagner, E. (2013, kinsfolk 12). Five reasons eight out of ten businesses fail. Forbes.com, p. 1.