Two gentlemen walk into your CPA office and tell you that they wish to start a business.The facts as they relate them to you are as follows:

The two men are brothers named John and Bill Harris.John has developed a secret recipe for beer battered fried walleye nuggets.Bill has lots of money and is interested in starting a business with his brother but has no experience in the restaurant field and no interest in learning.Bill just wants to supply the money and eat nuggets.

John has decided to call the business "The Tasty Nugget" and has found a place recently vacated by another restaurant at Newport on the Levee.John is willing to do all the work including using his secret recipe, starting the business and running it so long as Bill supplies all the money.They have agreed to split any profits 60/40 in favor of John.They have also agreed that John will handle the day-to-day decisions but both brothers must agree upon all major decisions regarding the business.The brothers, like you, have taken a very informativeBusiness Law for Accountants course, decidedthat they wish to create a LLC and you have sent them to a very competent attorney.An LLC was created using the name Tasty Nugget, LLC.

Question 1.

The Tasty Nugget is up and running and now John has come to you and wants you to help him draw up an employment contact for the employees of the Tasty Nugget.Specifically, the type of employees that John is concerned about are the cooks, waiters and managers.Please outline the items that you believe a contract for employment for the employees of The Tasty Nugget should contain. Include what individuals would be signing the contact, noting any titles that should be used.You should indicate what authority each of these employees have when acting on behalf of the business.Should all employees sign a contract?Some? None?