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You and a friend have discussed plans to open a restaurant. You intend to attract college-aged students and students who have attended Harper College who
You and a friend have discussed plans to open a restaurant. You intend to attract college-aged students and students who have attended Harper College who are health and fitness-minded to your restaurant. You and your friend agree that each of you will invest equally in terms of time and money. However, in addition to the contributions made by each of you, another $250,000 is needed for the restaurant to succeed. What type of business organization is best suited for your objectives? Who will manage the restaurant during times that you and your co-owner are not present? What liabilities do you and your co-owner face? In your response, discuss the pros and cons of business organizations you have considered in deciding which is best suited for your situation
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