PART 1: Helena and Francine have been friends for many years , and have always talked about starting a business together. Francine has recently graduated from the Culinary Arts diploma program at Hurnber College with a 90% average . She always wanted to be a chef. Helena has been working with her parents in their family business - a restaurant - for the last 5 years . Francine does not have any money saved up to start a business , but he does have an uncle that is willing to lend her $25,000 . Helena has been saving money for the last 5 years , and has saved $25,000 of her own. After some discussion , Helena and Francine decide that they want to start a coffee shop at Hurnber College . However , they are not sure how they should start and operate their business . One option would be to open a Second Cup location at Hurnber College , and the other option would be to start their own coffee shop called "Just Java _" 1. If Helena and Francine decide to start their own coffee shop , how can they structure their business legally ? What are the advantages and disadvantages of each option ? Which option do you recommend , and why '? 2. How can Helena and Francine mitigate legal risk in the option you have recommended ? 3. If they open a Second Cup location , what form of business organization are they engaged in? Describe this form of business organization ,and explain the advantages and risks associated with that kind of business 4. What are some of the issues related to using the business name " Just Java "? Where can you find more information about selecting business names ? 5. Assuming that Helena and Francine incorporate , what is the process that they must follow ? What type of corporation will they start , and why ? 6. \\Nhat are the roles that must be identied in the corporate structure '? What role (5) do you think Helena and Francine should each take , and why ? PART 2: It has been 7 years since Helena and Francine opened a coffee shop at Hurnber College . The business now operates as " Just Java Ltd ." Since they have been very successful , they are planning to open another location at Seneca College