Question
Sally, a fourth-year student in the Culinary Institute of America (CIA), has approached you about the establishment of a business the two of you have
Sally, a fourth-year student in the Culinary Institute of America (CIA), has approached you about the establishment of a business the two of you have dreamed about for years: opening a restaurant in Florida! Sally, your best friend from childhood, indicated she performed some preliminary research and decided, "It's now or never!"
After reviewing her notes, you both agreed that if the two of you could assemble a start-up plan, it would result in substantialstart-up costs savings. Fortunately, you have a business law course this semester designed to integrate legal theory and business operations that should be helpful. Your course is designed to provide hands-on use of authentic legal and business-planning tools anddocumentation required to start and operate a business. The course is going to provide a wealth of information. Sally suggests that since you will shortly be a "Legal Eagle," you should handle the details related to starting a business. This includes researching the legal and business aspects required to get a business up and running.
Sally agreed to handle the food and beverage aspects and provide various issues that need documentation. As a lifelong friend of Sally, you remember one important thing; she always has many questions, and she expects perfection. Sally consistently wants to assign a grade to everything! So you have developed the habit of reading all the support material you can find and perform research that you can use to document everything you submit to her for review. Her expectation is that you will read your course textbook, perform outside research, and review other resources that she will provide to assist you in constructing your work product critical to building a business plan.
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