1. Organizations

Your friend has heard that there is a successful McDonald's restaurant in Vanceburg, Kentucky, that wants to raise capital for a major renovation by taking on some investors at $25,000 each. You tell him you might be interested, but you will need to gather and evaluate a great deal of information in order to decide whether to proceed or refrain from this investment opportunity (the process by which you will obtain and evaluate that information is called 'due diligence').

To commence the process, you ask your friend to arrange a meeting with a woman who runs the McDonald's restaurant. There are, of course, many things you will want to ask her about, but before the meeting, you would like to find out as much as you can about the way the restaurant is legally organized in order to determine whether this would be a profitable and trustworthy investment.

Please go to the website of theKentucky Secretary of Stateand conduct abusiness organizational searchfor a registered entity that operates a McDonald's restaurant in Vanceburg. Then, using your understanding of organizational law, outline how the information listed on the website would be valuable to you in conducting your due diligence. Highlight the strategic considerations, advantages and disadvantages associated with the restaurant's form of organization, the role and rights of the investors, as against alternative forms of organization.

https://web.sos.ky.gov/ftsearch/