Business Law
Submitted by jada1216 on December 20, 2011
- Category: Business
- Words: 879
- Pages: 4
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Business Law
Restaurant/bar: Lou and Jose plan to open a sports bar and restaurant where customers socialize and watch sporting events on large-screen TVs that hang around the bar. They do not have much money, but they do have Miriam, a wealthy investor who does not have time to participate in the business, but wants to provide capital to start the business in return for a percentage ownership.
A: Lou, Jose and Miriam can create either a corporation or partnership/LLC under which MIriam provides investment capital, while Lou and Jose provide personal effort. An operating agreement or purchase-option agreement could be created under which Lou and Jose's could each purchase a...
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