Juarez would like to open a Honduran restaurant in San Diego.He has determined that,due to the large Hispanic population there,the demand for a Honduran restaurant should be high.He has studied the demographics of the area,the competing businesses,the costs of rent,electricity,gas,licensing,insurance,and all of the costs associated with payroll taxes and employee liabilities.He has determined that he can run the business with a minimum of four people if they work in six-hour shifts and the business is open from 9
A.m.to 9 p.m.After completing all of his costs calculations and subtracting them from his projected income for the first year,he has determined that he will be about two thousand dollars a month short.He had decided to run the business as a sole proprietorship but is now reconsidering this decision.He needs money but he doesn't want to give up control or go into debt.What would be the best form of business for him to have under these circumstances?
A) Corporation
B) Limited-liability company
C) Limited partnership
D) Partnership.

Question

Quizplus · Accepted Answer

The Answer of Juarez would like to open a Honduran restaurant in San Diego.He has determined that,due to the large Hispanic population there,the demand for a Honduran restaurant should be high.He has studied the demographics of the area,the competing businesses,the costs of rent,electricity,gas,licensing,insurance,and all of the costs associated with payroll taxes and employee liabilities.He has determined that he can run the business with a minimum of four people if they work in six-hour shifts and the business is open from 9
A.m.to 9 p.m.After completing all of his costs calculations and subtracting them from his projected income for the first year,he has determined that he will be about two thousand dollars a month short.He had decided to run the business as a sole proprietorship but is now reconsidering this decision.He needs money but he doesn't want to give up control or go into debt.What would be the best form of business for him to have under these circumstances?
A) Corporation
B) Limited-liability company
C) Limited partnership
D) Partnership.

Juarez Would Like to Open a Honduran Restaurant in San