Identify risks that buying and owning this business

Assignment Help Business Law and Ethics

Reference no: EM13778232

CASE STUDY

The Windmill Motel in Hope, BC is for sale and your client is thinking about purchasing it. The business consists of 38 motel units which were built in 1938, a restaurant, service station and vehicle repair shop. The Motel is identified by a large windmill lit by a neon sign and sits adjacent to the entrance to the motel, partly on municipal property. The business has been in the seller's family since it was built.
Employees of the Motel include 4 chamber maids, a daytime cook as well as an evening/weekend cook, and two part-time waitresses who work shifts. All employees except the 2 part-time waitresses belong to the Hotel workers Union. The front desk and bookkeeping are handled by the owner. The owner wishes to sell the Motel as he is now 85 years old and wishes to retire. The business is being sold ‘as is', and includes all of the assets of the Motel business. These include the building of the service station, a tow truck, a hoist and various automotive tools. The restaurant's assets include food and food products, dishes, cutlery, tables and chairs, a coffee maker, a stove, large refrigerator and freezer, and kitchen utensils. The Motel itself consists of beds, bedding, washer and dryer, towels and miscellaneous cleaning equipment and materials. The neon sign on the windmill is rented from Neon Products under a rental agreement.

REQUIRED: You are asked to identify risks that buying and owning this business will entail, and to identify the legislation and bylaws (federal, provincial and municipal) which will impact the business and its assets, as well as the purpose of such legislation.

Reference no: EM13778232

Questions Cloud

What is right and what is the right thing to do : A great deal of our work is instinctively based on emotions and at times, when making decisions, we struggle with what is logical or moral: What is right and what is the right thing to do

Wireless radiation frying our brain : Radio waves, microwaves, and infrared all belong to the electromagnetic radiation spectrum. These terms reference ranges of radiation frequencies that we use every day in our wireless networking environments.

Describe the strategies for termination of case management : Write a 700- to 1,050-word paper in which you describe the strategies for termination of case management. Identify how independent care will help in continued client growth

Alcohol use disorder : What else would you need to know to make an accurate diagnosis? What assessment methods should be used to make an accurate diagnosis? Support your viewpoint by using at least two examples.

Identify risks that buying and owning this business : You are asked to identify risks that buying and owning this business will entail, and to identify the legislation and bylaws (federal, provincial and municipal) which will impact the business and its assets, as well as the purpose of such legislat..

Analyzing the case history and risk reassessment : Prepare a 10- to 15-slide Microsoft PowerPoint presentation analyzing the following pertaining to your selected client: Case history, Risk reassessment and Client goals

Describe educational philosophy that defined schools purpose : Describe the educational philosophies that defined the school's structure, purpose, operation, and how the local culture may have influenced these philosophies.

Study the water-the social and cultural environments : The authors Wade, Tavris, and Garry (2014) state, "We are like fish that are unaware they live in water, so obvious is water in their lives. Sociocultural psychologists study the water-the social and cultural environments that people ‘swim' in eve..

Explain the court decision in this case : Using the Internet, research the case Estate of Fry v. Labor and Industry Review Commission case. Explain the court's decision in this case

User Account

All Pages