Develop Written Legal Business Plan for the following company: "Custom Memories, Inc."

Note this company is a Small Corporation located in Florida. Its goal is to design and sell online customized t-shirts for 5 years. After that, the plan is to open a physical coffee bistro that would have a custom t-shirt business and a custom framing department for the clients. The company will have 6 founders.

The document should cover the following legal aspects:

• Introduction
• Capital structure (meaning, who contributes the equity and how much)
• Management of the business, decision-making, and operation of the business,
• Sharing of profits/losses
• Liability: What liabilities will the business and the owners have if they get sued? How and where would they defend any legal actions?
• Duration
• Transferability of interests
• Taxation
• Assess the level of competition and profit opportunities.
• Employment issues. Who is going to work the business? Does the business have employees or independent contractors? Is the company obligated to provide benefits? Does the company need an employment manual?
• Licensing and regulations: Identify what licensing and regulatory requirements impact your business and how you are addressing them.
• Dispute resolution
• Disclaimers/waivers
• Disclosures
• Choice of law/forum
• Release of liability

Answer rating: 100% (QA)

Custom Memories Inc Legal Business Plan Introduction Custom Memories Inc is a small corporation based in Florida dedicated to providing customized tshirts to its customers With a vision to expand into ... View the full answer