What advice might you, as a friend, give them

Reference no: EM133653555

Case: Huyen and Van are two friends who have worked in the high-end restaurant for many years. Van is a highly regarded chef and Huyen as excellent experience in management. They have always wanted to open a Vietnamese-French fusion restaurant in Dallas, Texas. They have saved a substantial amount of money, but they will need to acquire additional capital from investors, preferably by loans to the new business. They will also need to lease restaurant space, acquire equipment, and enter into various agreements before the restaurant will open. They figure that they will need to put about $500,000 into the place before it opens, but expect that it will be very popular and profitable.

As they think about going forward with the project, using the IRAC method and foundations of a business,

what legal issues should they think about for the restaurant, and what advice might you, as a friend, give them?

Reference no: EM133653555

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