Question
Let's say hello to Matt Matros from Discussion 1 again. Remember, Matt founded the Protein Bar restaurant based upon his own experiences of using a
Let's say hello to Matt Matros from Discussion 1 again. Remember, Matt founded the Protein Bar restaurant based upon his own experiences of using a high-protein diet to lose weight. In the end, he decided to go it alone and is now the owner of four Protein Bar restaurants in the Los Angeles area.
With his business growing, Matt is starting to think about how to formally structure his business to grow over time. Based on your learnings in this chapter would you recommend Matt formally structure as a Sole Proprietorship, Partnership (be specific about General or Limited Partnership), work towards establishing a Corporation (be specific about S, C or Limited Liability) or Franchise?
- List at least two advantages and disadvantages for EACH structure.List the structure (Sole Proprietorship, General Partnership, Limited Partnership, S Corp, C Corp,Limited Liability, Franchise) and the advantages and disadvantages under each structure for Matt's business.
- Recommend your preferred structure to MattPROVIDING JUSTIFICATIONfor your recommendation.Use textbook concepts with page numbers noted to support your answer.
Prior to beginning work on this discussion please read the page on Elements of a Good Discussion and review the Discussion Rubric in Module 0. Please be sure to use concepts learned in this course andreference textbook page numbers. Please copy each question before writing your response.
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