I. Facts $-$ What happened?

II$.$ Issue $-$ What is the question of law? $($one to two simple sentences$)$

III. Holding $-$ What is your decision?

IV$.$ Reasoning $-$ What principles of law did you base your decision on$?$

Starting a New Restaurant: The Flying Pig!

Sarah and John are passionate about food and have always dreamed of opening their own restaurant. They have a clear vision of the type of cuisine they want to offer and the ambiance they want to create. However, they are unsure about the legal aspects of starting a restaurant. The name of the restaurant will be S & J$$s Flying Pig.

They are unsure of the best legal structure for their business and are concerned about personal liability. They also need guidance on securing rights to the name of their new restaurant.

Based on your knowledge of business formations, advise Sarah and John on the best business structure for them. Explain to them why the selected business structure is best over the other available business structures.

Also, advise Sarah and John on whether they can obtain exclusive rights to the name of their restaurant. If you believe they can, advise them of the process.