Establishing the restaurant as a c corporation

Assignment Help Business Management
Reference no: EM133199774

Question

Jose Rivera has decided to leave his job at Mattel and open a restaurant. Jose has never owned a business and never run a restaurant, but cooking is his passion. He plans to open the restaurant with his cousin, Miguel. Jose will not have to borrow money to establish the restaurant because his father died last year and left him a sizeable inheritance (he bought a new home, and a new car among other things, and established an investment account with a broker).

Jose planned on establishing the business as a sole proprietorship on the recommendation of his brother in law. His brother in law, Juan, has a successful consulting firm, and that is the type of business his brother in law established. Jose's daughter, Carmen, attends college and is majoring in business and has suggested that her father consider establishing the restaurant as a C Corporation. pretend you are Carmen (the daughter) and make the case that Jose establish the business as a C corporation.

Reference no: EM133199774

Questions Cloud

How important are contracts in your business life : Columbia Southern University - How important are contracts in your business life? Do you enter into informal contracts without even thinking?
Why do you think trend has emerged : Now choose from one of the following trends, and research it to answer the questions that follow:
What are the benefits for having a code of conduct : Touro University California - Provide one example of a conflict of interest, and what you would do to resolve the conflict, and why you would choose that course
How can this model help employees : Recall the Jobs Characteristics Model covered. How can this model help employees see how they fit into the "big picture" of a company's goals
Establishing the restaurant as a c corporation : Jose planned on establishing the business as a sole proprietorship on the recommendation of his brother in law. His brother in law, Juan, has a successful consu
How low-interest rate environment impact time value of money : How do you think today's low-interest rate environment is impacting the time value of money? How might this change the value of an asset or liability?
Mignaults v palmer and great west life insurance : Palmer sold insurance to Great West Life (GWL) The agency contract between Palmer and Great West Life described him as an independent contractor/broker
Risk management plan of google : 1. What are the Risk Management Plan of Google?
Evaluate how theorist''s theory can be applied today : California College of Communication - Critically Evaluate How Theorist's Theory Can Be Applied Today (or not)?

Reviews

Write a Review

Business Management Questions & Answers

  Caselet on michael porter’s value chain management

The assignment in management is a two part assignment dealing 1.Theory of function of management. 2. Operations and Controlling.

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. Due to increase in the preference for light beer drinkers, Chris Prangel wants to introduce light beer version in Mountain Man. An analysis into the la..

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. An analysis into the launch of Mountain Man Light over the present Mountain Man Lager.

  Analysis of the case using the doing ethics technique

Analysis of the case using the Doing Ethics Technique (DET). Analysis of the ethical issue(s) from the perspective of an ICT professional, using the ACS Code of  Conduct and properly relating clauses from the ACS Code of Conduct to the ethical issue.

  Affiliations and partnerships

Affiliations and partnerships are frequently used to reach a larger local audience? Which options stand to avail for the Hotel manager and what problems do these pose.

  Innovation-friendly regulations

What influence (if any) can organizations exercise to encourage ‘innovation-friendly' regulations?

  Effect of regional and corporate cultural issues

Present your findings as a group powerpoint with an audio file. In addition individually write up your own conclusions as to the effects of regional cultural issues on the corporate organisational culture of this multinational company as it conducts ..

  Structure of business plan

This assignment shows a structure of business plan. The task is to write a business plane about a Diet Shop.

  Identify the purposes of different types of organisations

Identify the purposes of different types of organisations.

  Entrepreneur case study for analysis

Entrepreneur Case Study for Analysis. Analyze Robin Wolaner's suitability to be an entrepreneur

  Forecasting and business analysis

This problem requires you to apply your cross-sectional analysis skills to a real cross-sectional data set with the goal of answering a specific research question.

  Educational instructional leadership

Prepare a major handout on the key principles of instructional leadership

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd