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Assignment:
The McDonalds own an organic hobby farm just outside of town. Mr. McDonald loves to experiment with seeds and grows the most unique vegetables. Together they raise chickens for eggs, hogs, and beef. Mrs. McDonald loves to cook. The McDonalds have decided to use all the products from the farm to open a farm-to-plate restaurant. Because of Mr. McDonald's creative growth processes, he wants to name the restaurant The Farmacy. They are unsure of what type of business entity to use for their new business venture.
a. What type of business entity would you suggest for the McDonalds? Explain and support your reasoning.
b. Naming a business is especially important. Research the name "Farmacy" using the Colorado Secretary of State website. Use this link to take you to the Colorado Secretary of State(new tab). Enter "The Farmacy" into the search box. Review the businesses that are produced from the search. Be sure to look at the types of business, standing, and status.
c. Can the McDonalds use this name for their business? Why or why not? If you conclude they can use the name, do you think they should use the name? Explain your reasoning. If you feel they should not use the name "Farmacy" explain and suggest another name.
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