After graduating from the George Brown School of business, four friends: Kellie, Aboriginal heritage with a...

 

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After graduating from the George Brown School of business, four friends: Kellie, Aboriginal heritage with a marketing specialty; Carolina, from Brazil with an accounting specialty and Charanjeet, from India with an HR specialty are planning to open a business together with equal interests. The fourth friend, Joe Smith, who is a realtor, wishes to invest $50,000 in the business but does not want to participate in the day to day operation. 1. What would be the best business vehicle for the four in setting up their business and why including the pros and cons. (2 marks) 2. What are their options for raising start-up capital? Name at least two (2 marks) 3. You have hired someone to design a web page and tweak the look of the the business name and logo. What would be two important terms to include in a service contract between the four of you and the designer? (2 marks) 4. How would they protect the name of the business and logo? (2 marks) 5. What should Charanjeet, as the Human Resources director, be concerned about when training the staff of Bottom Up Bar & Grill? Name two concerns (2 marks) After graduating from the George Brown School of business, four friends: Kellie, Aboriginal heritage with a marketing specialty; Carolina, from Brazil with an accounting specialty and Charanjeet, from India with an HR specialty are planning to open a business together with equal interests. The fourth friend, Joe Smith, who is a realtor, wishes to invest $50,000 in the business but does not want to participate in the day to day operation. 1. What would be the best business vehicle for the four in setting up their business and why including the pros and cons. (2 marks) 2. What are their options for raising start-up capital? Name at least two (2 marks) 3. You have hired someone to design a web page and tweak the look of the the business name and logo. What would be two important terms to include in a service contract between the four of you and the designer? (2 marks) 4. How would they protect the name of the business and logo? (2 marks) 5. What should Charanjeet, as the Human Resources director, be concerned about when training the staff of Bottom Up Bar & Grill? Name two concerns (2 marks)

Answer rating: 100% (QA)

Answer 1 The best business vehicle for the four friends considering their equal interests and the involvement of Joe Smith as a silent investor would ... View the full answer