My personal Ideal Organization
June 27, 2011
My Ideal Business
To be able to open an enterprise there are many information that need to be determined to protect the proprietor before starting. The elements of the business that really must be determined are: the legal form of organization, control of the company, taxation, and financing. The organization I want to open up is a full service Italian language restaurant. The name of the restaurant will be Tony's German Restaurant. With this paper Let me explain the facts of my own business and discuss the Construction Scenario. Tony's Italian Restaurant
My brother and i also have always desired owning a restaurant. Throughout the years I have thought about this business and are excited to open this cafe soon. The organization will be two restaurants in one building. On one side we have a full support restaurant with a bar and the opposite area there will be a pizzeria. The pizzeria might be a delivery and pick-up service only. Legal Entity
Tony's Italian Cafe will be a Limited Liability Company (LLC). Forming our cafe as a great LLC will enable my brother and i also to operate, manage, and control the business. By doing this we can every single manage different facets of the firm. We may also be able to provide an equal discuss of the organization. Financing with the business will probably be owner put in and different business loans available through the authorities and small company association of the town. The owners in the restaurant can each spend equal amounts of capital in to the company in order to keep everything consistent. For taxes purposes, a great LLC works out the best pertaining to my brother and i also. We will be in a position to file income taxes as a relationship and which means the salary or losses from the firm will be break up between all of us and registered on our personal fees. This assures us that we are not taxed twice. The most important advantage to forming an LLC is the liability concern. With the business as a great LLC, our company is not personally liable for any kind of debts,...