If APC takes an equity interest, the restaurant will need a new legal organizational form. What form

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If APC takes an equity interest, the restaurant will need a new legal organizational form. What form would you recommend? Why? 

APC, Inc., is a venture capital firm that invests in new businesses to help them grow. Wyatt Newmark owns and serves as a chef at “Earp’s,” a restaurant with a Western design that he operates as a sole proprietorship. Newmark has five employees at his restaurant—three servers, another chef, and a janitor. Newmark has had great success and hopes to expand or franchise the business. Newmark, who has not even retained an attorney for his small business, has approached APC for an investment. Using the information presented in the chapter, answer the above question.


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Business Law Text and Cases

ISBN: 978-0324655223

11th Edition

Authors: Kenneth W. Clarkson, Roger LeRoy Miller, Gaylord A. Jentz, F

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