Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Jack Spratt, a young, employed 19 year old program developer and entrepreneur, with a good credit rating, has arrived at your office to ask your
Jack Spratt, a young, employed 19 year old program developer and entrepreneur, with a good credit rating, has arrived at your office to ask your advice concerning a business venture he is considering. Jack is interested in starting an app development business. He has come to you with the following questions: (i) Realizing that he needs to rent office space, he informed you that yesterday he visited the offices of Dewey, Cheatum & Howe, a real estate agency offering commercial premises for rent. After explaining his requirements, they advise Jack that their clients would not be interested in renting any premises to an individual of 19 years. Jack is shocked by this answer and asks you if the owner of the premises is legally permitted to refuse to enter into a leasing agreement with Jack. (ii) Jack would also like to know what business form he should select (i.e. sole proprietor or corporation) and the reasons for such a selection. (iii) Finally Jack realizes that in establishing this business venture, he may need to enter into numerous contracts. List in point form the type of contracts you think he may need
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started