Martin Salazar has decided to leave his job at Mattel and 0 open a restaurant. Martin has never owned a business and never run a restaurant, but cooking is his passion. He plans to open the restaurant with his cousin, Miguel. Martin will not have to borrow money to establish the restaurant because his father died last year and left him a sizeable inheritance (he bought a new home, and a new car among other things, and established an investment account with a broker).

Martin planned on establishing the business as a sole proprietorship on the recommendation of his brother-in-law. His brother-in-law, Juan, has a successful consulting firm, and that is the type of business his brother-in-law established. Martin's daughter, Carmen, attends college and is majoring in business and has suggested that her father consider establishing the restaurant as a limited liability company or LLC.

If your last name begins with G thru O, then pretend you are Juan (the successful brother-in-law) and make the case that Jose establishes the business as a sole proprietorship.

Your initial post should only discuss the advantages of the structure you have been assigned. After you make your initial post, then read the posts of students in the other two groups, and post a response explaining why their structure is not the best choice (note the disadvantages) and lastly post write a post suggesting which structure (of all the options listed in the textbook, not just those assigned above) you think Jose should actually select (regardless of your original role) and why.

Answer rating: 100% (QA)

As Mr martine is new for the business he taken the suggestion from both his cousion and daughter But ... View the full answer